This book takes a radically different approach to the analysis of competition by rejecting the perfect vs. imperfect competition dichotomy and draws on the insights of classical political economists such as Marx, Schumpeter, Hayek and Andrews.

Patrick L. Mason, Jamee K. Moudud, Cyrus Bina

Foreward John Weeds Introduction 1. The Fallacy of Competition: Markets and the Movement of Capital John Weeks 2. The Hidden History of Competition and its Implications Jamee K. Moudud 3. Synthetic Competition, Global Oil, and the Cult of Monopoly Cyrus Bina 4. Catallactic Competition, Business Organization, and Market Order Jack High 5. Schumpeterian Competition J. Stanley Metcalfe 6. The Theory of Innovative Enterprise: Methodology, Ideology, and Institutions William Lazonick 7. Competition, Going Enterprise, and Economic Activity Frederic S. Lee 8. Sraffa, the General Rate of Profit, and the Theory of the Firm: A Conjectural Approach Scott Carter and Andrés Lazzarini 9. Explaining Long Term Exchange Rate Behavior in the United States and Japan Anwar Shaikh and Rania Antonopoulos 10. Components of Differential Profitability in a Classical/Marxian Theory of Competition: A Case Study of Turkish Manufacturing Serdal Bahçe and Benan Eres 11. Classical Competition and Regulating Capital: Theory and Empirical Evidence Lefteris Tsoulfidis and Persefoni Tsaliki 12. Are Mega-Corps Competitive? Some Empirical Tests of Business Competition John Sarich and Jason Hecht