tag:blogger.com,1999:blog-26706564.post75844233643579052..comments2024-03-25T07:51:47.758-04:00Comments on Thoughts On Economics: Literature Distinguishing Large Corporations And Finance From Competitive FirmsRobert Vienneauhttp://www.blogger.com/profile/14748118392842775431noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-26706564.post-58505460471452325672019-12-06T07:40:15.908-05:002019-12-06T07:40:15.908-05:00Thanks. I added a link to that Eatwell talk on the...Thanks. I added a link to that Eatwell talk on the next post.Robert Vienneauhttps://www.blogger.com/profile/00872510108133281526noreply@blogger.comtag:blogger.com,1999:blog-26706564.post-73420466483436776802019-12-02T18:07:45.837-05:002019-12-02T18:07:45.837-05:00«In particular beginning at 27:30 there is the pit...«In particular beginning at 27:30 there is the pithy summary and at 28:00 there is this statement (he is effectively retired...):<br /><br />“The proposition that prices theoretically (the theory tells you that prices are determined by supply and demand), is still taught to to undergraduates in universities around the world including this one.”»<br /><br />Oops, a terrible misquote, I forgot the important bit:<br /><br />“<i>The proposition that prices theoretically... the theory tells you that prices are determined by supply and demand, is still taught to to undergraduates in universities around the world including this one. <b>I actually think this is a disgrace</b>. But there we go.</i>”Blissexnoreply@blogger.comtag:blogger.com,1999:blog-26706564.post-58170383779189696262019-12-02T12:14:39.266-05:002019-12-02T12:14:39.266-05:00«To add to your list there are also some works by ...«To add to your list there are also some works by J Robinson»<br /><br />You may also be delighted to listen to this lecture by a more-eminent-than-usual Cambridge political economist on her lifetime work and the Cambridges Capital Controvery:<br /><br />https://www.youtube.com/watch?v=9WhU1wxVHPo<br /><br />In particular beginning at 27:30 there is the pithy summary and at 28:00 there is this statement (he is effectively retired...):<br /><br />“<i>The proposition that prices theoretically (the theory tells you that prices are determined by supply and demand), is still taught to to undergraduates in universities around the world including this one.</i>”Blissexnoreply@blogger.comtag:blogger.com,1999:blog-26706564.post-47076125722093643052019-11-30T07:54:11.942-05:002019-11-30T07:54:11.942-05:00This list leans more towards Marxists who argue th...This list leans more towards Marxists who argue that the advent of big business implies Marx's theory of value is no longer quantitatively valid. I put Hilferding, Rizzi, and Burnham on the list as a reminder that I want to check them out to see if they fit my claim about the history of thought.Robert Vienneauhttps://www.blogger.com/profile/00872510108133281526noreply@blogger.comtag:blogger.com,1999:blog-26706564.post-80664114891186679482019-11-28T10:33:05.933-05:002019-11-28T10:33:05.933-05:00You present quite an impressive list of historical...You present quite an impressive list of historical books! In retrospect some of them are a bit funny. Scientifically, your previous list from 2013 is more instructive. Nowadays, the subject is covered well by books with titles such as Industrial organization or The theory of the firm.Emil Bakkumhttp://www.hgdewolff.comnoreply@blogger.comtag:blogger.com,1999:blog-26706564.post-59914655130812867012019-11-26T15:40:37.501-05:002019-11-26T15:40:37.501-05:00I have heard it argued that the idea that 19th cen...I have heard it argued that the idea that 19th century England or America were examples of competitive markets is a myth. If so, I've probably fallen into following that myth in my post.Robert Vienneauhttps://www.blogger.com/profile/00872510108133281526noreply@blogger.comtag:blogger.com,1999:blog-26706564.post-60694379722732191252019-11-24T12:56:58.582-05:002019-11-24T12:56:58.582-05:00«arguing that a movement away from competitive mar...«arguing that a movement away from competitive markets must be recognized in trying to describe and understanding contemporary capitalism.»<br /><br />Competitive markets have existed and still exist, but usually were quite a minor phenomenon outside labor markets, consider the home of liberalism, England, and the innumerable restriction to competition imposed on imperial markets (e.g. New England colonists were forbidden from making nails).<br /><br />To add to your list there are also some works by J Robinson, not just that on imperfect competition. Also "What are the questions?" https://www.jstor.org/stable/2722966Blissexnoreply@blogger.com