The Theory of the Market Economy by Heinrich von Stackelberg - 1952 first English language edition - very rare book.  Hardcover book with dust jacket in acceptable condition (see photos and detailed condition description).  Free postage in Australia.  Selling a number of vintage economics and business books, see my other items for sale.

First Edition in English of ‘Marktform und Gleichgewicht‘ (first German edition 1934).  Introduction by Alan T. Peacock.

“For a long time Stackelberg justified National Socialism. He belonged to the many scientists of all disciplines who accommodated themselves with the political relationships of the pre-1945 period. His scientific rank is not disputed, however, in particular with respect to the further development of the theory of market structures. . . . In 1934 he published Marktform und Gleichgewicht.  At the heart of von Stackelberg's research was the analysis of oligopolies. He denies the reality of the model of full competition which is at the basis of the general equilibrium theory of Léon Walras and Vilfredo Pareto and which assumes perfect knowledge about products and prices of all market participants. Von Stackelberg maintains that a market is anything but perfectly transparent”.