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”.