Jakob Kapeller ; Stephan Pühringer - The internal consistency of perfect competition

jpe:10598 - Journal of Philosophical Economics, May 20, 2010, Volume III Issue 2 - https://doi.org/10.46298/jpe.10598
The internal consistency of perfect competition

Authors: Jakob Kapeller ; Stephan Pühringer

    This article surveys some arguments brought forward in defense of the theory of perfect competition. While some critics propose that the theory of perfect competition, and thus also the theory of the firm, are logically flawed, (mainstream) economists defend their most popular textbook model by a series of apparently different arguments. Here it is examined whether these arguments are comparable, consistent and convincing from the point of view of philosophy of science.

    Volume: Volume III Issue 2
    Section: Articles
    Published on: May 20, 2010
    Imported on: December 28, 2022
    Keywords: perfect competition,mainstream economics,theory of the firm,conflicting assumptions,[SHS]Humanities and Social Sciences


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