December 1958
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8 Reads
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21 Citations
The Economic Journal
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December 1958
·
8 Reads
·
21 Citations
The Economic Journal
... According to price theory, there is general equilibrium. Schumpeter [46] thought that, as the pig market is close to a completely competitive market, new enterprises will enter the market as long as there is profit, and then the final equilibrium is zero profit price. However, our common sense is that profits exist. ...
December 1958
The Economic Journal