Quarterly Journal of Economics Vol. 58 No. 1 1943
Social Biases and Recent Theories of Competition
Abstract
Introduction: importance of recognizing the relative nature of "truth, " 1. — I. Historical interrelationships between economic thought concerning competition and the social environment, 3. — II. Emergence of theories of imperfect (or monopolistic) competition, 8. — Danger that these may also present a distorted picture of reality, 9. — Their relation to empirical investigation, 10. — Other limitations on their direct usefulness, 12. — The nature of "scientific method, " 12. — III. Relation of the new theories to public policy toward business, 14. — Need for humility, 16. — IV. Impact of this aspect of theory upon the social environment, 18. — The New Deal, 18. — Danger in short-run political expediency, 21. — V. Conclusions, 22.
- DOI
- 10.2307/1885753
- Volume
- 58
- Issue
- 1
- Pages
- 1
- Sources
- openalex crossref