Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
612-822-4611

  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Changing Competition, State, and Society: Reinterpreting the Neoclassical Model

Changing Competition, State, and Society: Reinterpreting the Neoclassical Model

Chan, Andy K. C.

Paperback

Economics

ISBN10: 9881436605
ISBN13: 9789881436603
Publisher: Lightning Source Inc
Published: Mar 11 2016
Pages: 222
Weight: 0.73
Height: 0.51 Width: 5.98 Depth: 9.02
Language: English
In microeconomics, competition is a key process necessary to bring each individual and the society, as an aggregate of individuals, to the best possible state of being. However, the harmonious notion of the neoclassical model that's based on this conception of free competition stands only by making an implicit assumption that the status quo is always available, that individuals always have the ability to reject propositions detrimental to their interests - which just isn't so in reality.Using basic principles and charts rather than complex mathematics, this book posits a major breakthrough in microeconomic theory by removing the status-quo assumption from the model and putting competition intensity in the center-stage. The revised model opens up arenas like putting different types of market structure into a unified framework, examining the likelihood of having a self-interest state disciplined to work for the interests of its subjects, and reinterpreting the possibility of a harmonious society as originally envisaged by the neoclassical model.

Also in

Economics

View All