The economics of the business firm : seven critical commentaries / Harold Demsetz.

By:

Demsetz, Harold, 1930-

Material type: Text

TextPublication details: Cambridge ; New York : Cambridge University Press, 1995.Description: 1 online resource (x, 179 pages) : illustrationsContent type:

text

Media type:

computer

Carrier type:

online resource

ISBN:

0511001258
9780511001253

Subject(s): Genre/Form:

Additional physical formats: Print version:: Economics of the business firm.DDC classification:

338.5 20

LOC classification:

HD30.22 .D45 1995eb

Online resources:

Click here to access online

Summary: The essays in this volume discuss the theory of the business firm and its applications in economics. A leading analyst of industrial organization, Professor Demsetz first critically examines current debates on the existence, definition, and organization of the firm and discusses conceptual and theoretical issues related to the emerging theory of the firm. He then analyzes contemporary treatments of the relation between business ownership, wealth, and economic development. Subsequent essays offer new perspectives on competition, profit maximization and rational behavior, and shed new light on managers' compensation, antitrust policy, and the accuracy of firms' accounting data. The latter themes will interest business audiences as well as professionals and students in economics. These previously unpublished essays derive from lectures originally presented at Uppsala and Lund Universities in Sweden, the Mont Pelerin Society meeting in Prague, and the Center for the Study of Economics and the State at the University of Chicago.

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Includes bibliographical references (pages 170-174) and index.

Print version record.

The essays in this volume discuss the theory of the business firm and its applications in economics. A leading analyst of industrial organization, Professor Demsetz first critically examines current debates on the existence, definition, and organization of the firm and discusses conceptual and theoretical issues related to the emerging theory of the firm. He then analyzes contemporary treatments of the relation between business ownership, wealth, and economic development. Subsequent essays offer new perspectives on competition, profit maximization and rational behavior, and shed new light on managers' compensation, antitrust policy, and the accuracy of firms' accounting data. The latter themes will interest business audiences as well as professionals and students in economics. These previously unpublished essays derive from lectures originally presented at Uppsala and Lund Universities in Sweden, the Mont Pelerin Society meeting in Prague, and the Center for the Study of Economics and the State at the University of Chicago.

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