The Economics of Imperfect Competition.

ROBINSON, Joan.

Item Number: 114632

London: Macmillan & Co. Ltd, 1954.

Early printing of Robinson’s important contribution to the field of economic competition in which she coined the term “monopsony,” to describe the wage gap between female and male workers of equal productivity. Octavo, original cloth. Very good in the original dust jacket which is in good condition. Previous owner’s underlining and marginal notes.

"Mrs. Robinson's book is an important economic event. She has discarded the traditional assumption of perfect competition, with absolute monopoly as a special case, and endeavored to re-state the theory of value in a comprehensive formula, in terms of which perfect competition and absolute monopoly are but limiting cases of a general theory. She has also, incidentally, made many fascinating additions to the economists' toolbox... Mrs. Robinson has set economic theory on a new road, with a more useful destination. It is just what was wanted" (The Financial Times).