Page 99 - Azerbaijan State University of Economics

Nazim U. Hajiyev: Assessment stages of cyclical development of monopoly and
competition in terms of the reconstruction of Azerbaijan economy

engaged in studying “long periods” after H.D.Kondratyev. It’s determined that

transfers from fase to fase in long periods are connected with sharp breakthrough

in development of productive forces as the result of technological revolution.

At the same time very small attention was paid to periodical characteristic of

development of economic relations. In the soviet economic literature such

development of relations was considered as continuous increasing process from

lower step to higher steps. It’s true that the dialectic rule of “denial of negative”

presupposed historical repetition of spiral-form development of famous “thesis-

antithesis-synthesis” on Hegel triad. However such relative repetition was

considered in implementation of public formations covering all periods.

Western scientists seldom analyzed historical evolution of economic relations

too. Thus in fact, the leading economic thought neoclassic direction ignores the

historical principle. The problems of historical dynamics of public relations were

prepared by outstanding neo-economists like A.Toynbi and O.Shpengler.

One of the major accomplishments of economic thought in XX century was

theory of monopolistic competition. The founder of this theory Edward

Chamberlyn noticed that, “The forces of competition and monopoly is knitted in

the same fabric and they are different only with pattern [ E.H. Chamberlin, 1996 p.

33]. Like Johan Robinson who prepared imperfect competition concept, Edward

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