A General Theory of Competition develops a ground-breaking new theory of competition - `resource-advantage theory'. Recent thinking on competition has assumed the premises, structure and implications of the theory of perfect competition. In his long-awaited book Shelby Hunt draws on economics, management, marketing and sociology to articulate resource-advantage theory. The author proceeds to illustrate how and why his theory may be used to explain and predict economic phenomena with great accuracy. This volume is extremely well-referenced, with detailed source notes.
Introduction Antecedents and Affinities Evolutionary and `Austrian' Economics Antecedents and Affinities Heterogeneous Demand and Differential Advantage Antecedents and Affinities Business Strategy and Institutional Theory Resource-Advantage Theory Foundational Premises Resource-Advantage Theory An Evolutionary Theory of Competition Productivity, Efficiency and Effectiveness Endogeneous Economic Growth The Wealth of Nations Conclusion