Edward Chamberlin

Edward Chamberlin

Born: 1866. Died: 1967.


Edward Chamberlin taught economics at Harvard (1937-1967) and made significant contributions to microeconomics, particularly on competition theory and consumer choice, and their connection to prices.

One of the most influential economists of his time, Edward Chamberlin coined the term "product differentiation" to describe how a supplier may be able to charge a greater amount for a product than perfect competition would allow.

One of his important work is: Theory of Monopolistic Competition (1933, 8th ed. 1962) and Toward a More General Theory of Value (1957, repr. 1982).

Major Books of Edward Chamberlin

- Measuring the Degree of Monopoly and Competition, 1954, in Chamberlin, editor, Monopoly and Competition and their Regulation
- Monopolistic Competition Revisited, 1951
- The Monopoly Power of Labor, 1957, in Wright, editor, Impact of the Union
- Some Aspects of Nonprice Competition, 1954, in Huegy, editor, Role and Nature of Competition
- Theory of Monopolistic Competition, 1933
- Towards a More General Theory of Value, 1957

Major Articles of Edward Chamberlin

- 1934, The Influence of Marginal Buyers on Monopolistic Competition, QJE
- 1937, Monopolistic or Imperfect Competition?, QJE
- 1944, Advertising Costs and Equilibrium-A Correction, RES
- 1948, An Experimental Imperfect Market, JPE
- 1948, Proportionality, Divisibility and Economics of Scale, QJE
- 1950, Product Heterogeneity and Public Policy, AER
- 1951, Impact of Recent Monopoly Theory on the Schumpeterian System, REStat
- 1952, "Full Cost" and Monopolistic Competition, EJ
- 1953, The Product as an Economic Variable, QJE
- 1957, On the Origin of "Oligopoly", EJ
- 1961, The Origin and Early Development of Monopolistic Competition Theory, QJE


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