Competition and Aggregate Demand
This paper examines the macroeconomic effects of competition. The
Kaleckian view of these effects is considered along with the neoclassical, with
special attention paid to the degree of monopoly and its effect on investment.
Both the product and price competition of firms are examined, and the macroeconomic consequences of imperfect competition are shown to be quite differen than the ones highlighted in economics.
About the Author
Nina Shapiro
Professor of Economics, Saint Peter’s College
Nina Shapiro is Professor of Economics at Saint Peter’s College, New Jersey, and a member of the editorial board of the Journal of Post Keynesian Economics. She did her graduate work in economics at the New School for Social Research, and taught for a number of years at Rutgers University, where she directed graduate study ...
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