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A General Theory of Competition
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A General Theory of Competition
Resources, Competences, Productivity, Economic Growth



December 1999 | 320 pages | SAGE Publications, Inc
"Hunt convincingly demonstrates that competition is not about dividing up limited resources but about creating more resources and thus competition is pro-society. This truly interdisciplinary book successfully develops a general theory of competition which is rich in explanatory breadth and depth. Consequently, executives and entrepreneuers, management consultants, public makers, and scholars and students in economics, law, political science, and business should read and study this book." —Robert F. Lusch, University of Oklahoma This book develops a new theory of competition. This theory – labeled "resource-advantage theory" – stems from no single research tradition, but draws on several different traditions in economics, management, marketing, and sociology. In this ground-breaking volume, Shelby Hunt articulates R-A theory, uses the theory to explain and predict economic phenomena, and shows how (and why) it explains and predicts such phenomena.

 
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

"This truly interdisciplinary book successfully develops a general theory of competition which is rich in explanatory breadth and depth." 

Robert F. Lusch
University of Oklahoma

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