Chapter 5 Landmark History of Economic Thought

Abstract

Our theory shows that we have two problem areas to deal with as regards “unstable market structures” (translator’s note: (gleichgewichtslose), see Senn: 15). At the heart of a problem that is as interesting as it is important is the dyopoly, encompassing both the oligopoly and dyopoloid market relationships. The second problem area is that of the bilateral monopoly and the bilateral oligopoly. We now turn to the history of the theories which these two areas have focused on. In the first paragraph we will give an outline of dyopoloid theory, in the second we will show its development to date and in the third we will refer to scholarly opinion about bilateral monopolies.