R.F Kahn and imperfect competition

摘要: IThe question has often been raised as to why Keynes in The General Theory accepted the Marshallian framework of perfect competition.1 This is surprising because he was actively involved discussions following publication Sraffa's 'The laws returns under competitive conditions' (Sraffa, 1926) which had launched a severe attack on theory. Indeed, responsible for making argument known English-speaking readers. In Spring 1926, invited Sraffa write Economic Journal an English version earlier article written 1925. Italian article, wrote, very favourably impressed his co-editor, F. Y. Edgeworth, who died February before could make invitation himself. critique assumption decreasing and increasing returns, conditions competition, led conclusion that 'old-fashioned' theory cost production, based constant better foundation