since I'm sick of this conversation about steve jobs, i want to bring pen-l back to marx.
what was marx's theory of competition? shaikh and the so-called new school marxists argue that marx didn't have a theory of perfect competition or imperfect competition but of "real competition" where the accumulation and centralization of capital increases competition between firms and workers, destroying small firms and small rentiers. baran and sweezy seem to argue that the centralization in the early 20th century disrupted the competitive dynamics marx saw and thus his laws of motion need to be replaced. what would you argue? do you think the two schools of thought above are missing something crucial? what is it? do you think marx's theory of competition needs to be updated? -- -Nathan Tankus ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
