Heinrich von Stackelberg’s textbook Grundlagen der theoretischen Volkswirtschaftslehre revisited

J.A.H. Maks (Maastricht University, The Netherlands)
M. Haan (Maastricht University, The Netherlands)

Journal of Economic Studies

ISSN: 0144-3585

Publication date: 1 December 1996

Abstract

Compares Stackelberg’s Grundlagen der theoretischen Volkswirtschaftslehre with a standard modern micro‐economic textbook. Reveals some confusing shortcomings in the English translation. Focuses on unique peculiarities of Stackelberg’s analysis of the price formation on imperfect markets. Suggests that it might be an effective approach in a course on micro‐economics to combine a modern textbook with Grundlagen since they would complement each other in a number of aspects: at least, but very important, in the different emphasis of the time aspect. Finds that in general the English translation of Grundlagen by A.T. Peacock is of an outstanding quality. Mistakes are rare and hardly ever confusing, with the exceptions related to the perfect market and pure competition concepts. So, if one uses the English translation of Grundlagen as a supplement in a course on micro‐economics one may devote some attention to these concepts. It is quite possible that Stackelberg, at least in Grundlagen, is not convinced of the potential compatibility of Chamberlin’s theory of monopolistic competition and the Edgeworth‐Bertrand oligopoly theory with the method he proposes to derive at “peculiarities of price formation in the imperfect market”. Hence the absence of any reference in Grundlagen to these theories may not be at all accidental.

Keywords

Citation

Maks, J. and Haan, M. (1996), "Heinrich von Stackelberg’s textbook Grundlagen der theoretischen Volkswirtschaftslehre revisited", Journal of Economic Studies, Vol. 23 No. 5/6, pp. 40-47. https://doi.org/10.1108/01443589610154036

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MCB UP Ltd

Copyright © 1996, MCB UP Limited

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