Abstract
Compare two economies, A and B, of about equal size and development. In economy A there is an average growth of the real GNP of 2 to 3 per cent per annum, a strong growth of employment, and profits of firms are 50 to 100 per cent higher than in economy B. In this latter economy, employment hardly rises, notwithstanding an average real growth of the gross product similar to that of economy A, and a higher level of investment.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Baumol, W., 1987. “The Lesson of Long-Term Productivity Trends.” Euromoney, January.
Burns, P. and J. Dewhurst (eds.), 1986. Small Business in Europe. Basingstoke & London: Macmillan Ltd. Articles on:o Denmark, by O. Madsen; o France, by L. Vickery; o Britain/Northern Ireland, by P. Burns & J. Dewhurst; o Italy, by Agenzia Industriale Italiana; o Switzerland, by H.J. Pleitner; o West Germany, by G. Kayser & D. Ibrelski.
Cantillon, R., 1755. Essai sur la Nature du Commerce en Général. Texte de l’édition originale. Paris: INED, 1952.
Carlsson, B., 1989. “The Evolution of Manufacturing Technology and Its Impact on Industrial Structure: an International Study.” Small Business Economics, 1 (1), 21–37.
Daems, H. & H. van der Wee, 1974. The Rise of Managerial Capitalism. Louvain/The Hague: Martinus Nijhoff.
De Jong, H.W., 1986. “European Industrial Organization: Entrepreneurship in an Organizational Setting,” in H.W. De Jong & W.G. Shepherd (eds.), Mainstreams in Industrial Organization. Boston: Kluwer Academic Publishers.
De Jong, H.W., 1987. “Market Structures in Europe,” in D. Mays (ed.), The Integration of European Industry. Tilburg: Tilburg University Press.
De Jong, H.W., 1989. The State as Entrepreneur. The Rise and Decline of an Idea in theExperiences of European Countries Verein für Sozialpolitik (West German Economic Association) [Forthcoming].
De Vennootschap Nederland (1979). Den Haag: Nederlandse Orde van Organisatie-adviseurs.
Drucker, P., 1985. Innovation and Entrepreneurship. London: W. Heinemann.
E.C. Commission, 1984. European Economy. Profitability, relative factor prices, and the substitution of capital/labour in the Community, the United States, and Japan. Brussels, July.
E.C. Commission, various years. Competition Policy Reports Brussels.
Eliasson, G., 1986. “International Competition, Productivity Change, and the Organization of Production,” in H.W. De Jong & W.G. Shepherd (eds.), Mainstreams in Industrial Organization. Boston: Kluwer Academic Publishers.
George, K.D. (1971–1, 1981–3), Industrial Organization. Competition, Growth, and Structural Change in Britain London: Allen & Unwin.
Geroski, PA. & A.P. Jacquemin, 1984. “Large Firms in the European Corporate Economy and Industrial Policy in the 1980s,” in A.P. Jacquemin (ed.), European Industry: Public Policy and Corporate Strategy. Oxford: Clarendon Press.
Jacquemin, A.P. (ed.), 1984. European Industry: Public Policy and Corporate Strategy. Oxford: Clarendon Press.
Kirzner, I.M., 1973. Competition and Entrepreneurship. Chicago: University of Chicago Press.
Koolman, G., 1971. “Say’s Conception of the Role of the Entrepreneur,” Economica, August, 269–281.
Maddison, Angus, 1982. Phases of Capitalist Development. Oxford: Oxford University Press.
Pierson, N.G., 1887. “Depressie in Handel en Nijverheid,” in Verspreide Economische Geschriften. Haarlem 1910, 287–307.
Roskamp, K.W., 1975. Die amerikanische Wirtschaft 1929–1970. Stuttgart: Alfred Kröner Verlag.
Rostow, W.W., 1978. The World Economy, History and Prospect. Austin & London: University of Texas Press.
Rothwell, R., 1988. “Small Firms, Innovation, and Industrial Change.” Small Business Economics. 1 (1), 51–64.
Sachs, J.D., 1979. “Wages, Profits, and Macro-economic Adjustment: a Comparative Study.” Brookings Papers on Economic Activity, (2), 269–319.
Sachs, J.D., 1983. “Real Wages and Unemployment in the OECD Countries,” Brookings Papers on Economic Activity, No. 1, 255–289.
Shepherd, W.G., 1985. The Economics of Industrial Organization, second edition. Englewood Cliffs, N.J.: Prentice Hall, Inc.
Storey, DJ., 1983. The Small Finn, An International Survey. London & Canberra: Croom Helm. Articles by: o J.H. Thompson & D.R. Leyden, on the United States; o D. Anthony, on Japan; o M. Cross, on the United Kingdom; o C. Hull, on West Germany; o L. Lindmark, on Sweden.
Webbink, D., 1985. Innovatie en het Midden-en Kleinbedrijf Zoetermeer: EIM-Publicaties.
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 1989 Kluwer Academic Publishers
About this chapter
Cite this chapter
De Jong, H.W. (1989). Free Versus Controlled Competition. In: Carlsson, B. (eds) Industrial Dynamics. Studies in Industrial Organization, vol 10. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-1075-1_12
Download citation
DOI: https://doi.org/10.1007/978-94-009-1075-1_12
Publisher Name: Springer, Dordrecht
Print ISBN: 978-94-010-6973-1
Online ISBN: 978-94-009-1075-1
eBook Packages: Springer Book Archive