The Theory of Monopolistic Competition

Seventh Edition.

Chamberlain’s classic work continues to influence the fundamental thinking of economists and businessmen, and for the best of reasons: It is a basic treatise in theory which, unlike traditional theories of “perfect competition,” deals with the economic world we live in, including both price and nonprice competition, oligopoly, various degrees of monopoly, “differentiated” products, advertising, etc. Its influence has spread extensively as well as intensively–to new theoretical problems, such as economic dynamics and development, and to the analysis of an increasingly wide range of the so-called “applied” fields.