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Carl Menger und die Wettbewerbstheorie / Carl Menger and the Theory of Competition

Author

Listed:
  • Mantzavinos C.

    (Albert-Ludwigs-Universität Freiburg, Institut für Allgemeine Wirtschaftsforschung, Abt. für Wirtschaftspolitik, Platz zur Alten Synagoge, D-79085 Freiburg i. Br.)

Abstract

The prominent position of Carl Menger in the history of economics is mainly seen in his contribution in the subjective theory of value. In this article Menger's analysis of competition is examined and it is suggested that he understood competition as a dynamic process. All elements of the modern process-oriented analysis of competition along evolutionary lines are contained in his work: the emphasis of the process and not of the end-state to which competition might lead, the variety of action parameters, the creation and diffusion of knowledge, the role of time and finally the growth aspects of the competitive procedure.

Suggested Citation

  • Mantzavinos C., 1999. "Carl Menger und die Wettbewerbstheorie / Carl Menger and the Theory of Competition," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 219(5-6), pages 685-691, October.
    • Handle: RePEc:jns:jbstat:v:219:y:1999:i:5-6:p:685-691
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