Alternative Theories Of The Firm

Author : Michael Pirson,David M. Wasieleski,Erica L. Steckler
Publisher : Routledge
Page : 324 pages
File Size : 44,9 Mb
Release : 2021-12-28
Category : Business & Economics
ISBN : 9781000515893

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Alternative Theories of the Firm by Michael Pirson,David M. Wasieleski,Erica L. Steckler Pdf

The Theory of the Firm is commonly viewed as axiomatic by business school academicians. Considerations in spanning organizational structures, their boundaries and roles, as well as business strategies all relate to the Theory of the Firm. The dominant Theory of the Firm poses that markets act perfectly to maximize the well- being of society when people act to maximize the personal utility of their individual purchases and firms act to maximize financial returns to their owners. However, burgeoning evidence and discourse across the scientific and policy communities suggests that the economic, social, and environmental consequences of accepting and applying this theory in the organization of business and society threaten the survival of the human species, among countless others. This book provides the latest thinking on alternatives to the Theory of the Firm as cornerstone of managerial decision-making. Authors explore and elucidate theories that help us understand a firm differently and suggest alternatives to the Theory of the Firm. This book will be of value to researchers, academics, practitioners, and students interested in leadership, strategic management, and the intersection of corporate interests and the well-being of the society.

Author : Jamee K. Moudud,Cyrus Bina,Patrick L. Mason
Publisher : Routledge
Page : 362 pages
File Size : 55,5 Mb
Release : 2012
Category : Business & Economics
ISBN : 9780415686877

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Alternative Theories of Competition by Jamee K. Moudud,Cyrus Bina,Patrick L. Mason Pdf

This book takes a radically different approach to the analysis of competition by rejecting the perfect vs. imperfect competition dichotomy and draws on the insights of classical political economists such as Marx, Schumpeter, Hayek and Andrews.

Author : Nicolai J. Foss
Publisher : Taylor & Francis
Page : 488 pages
File Size : 47,5 Mb
Release : 2000
Category : Agentteori
ISBN : 0415196388

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The Theory of the Firm by Nicolai J. Foss Pdf

Includes over 60 classic papers, these volumes collect together contributions on the theory of the firm, beginning with Ronald Coase's classic work of 1937 and ending with important papers published as late as 1998.

Author : Jamee K. Moudud,Cyrus Bina,Patrick L. Mason
Publisher : Routledge
Page : 361 pages
File Size : 54,5 Mb
Release : 2012-10-12
Category : Business & Economics
ISBN : 9781136241161

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Alternative Theories of Competition by Jamee K. Moudud,Cyrus Bina,Patrick L. Mason Pdf

The history of policymaking has been dominated by two rival assumptions about markets. Those who have advocated Keynesian-type policies have generally based their arguments on the claim that markets are imperfectly competitive. On the other hand laissez faire advocates have argued the opposite by claiming that in fact free market policies will eliminate "market imperfections" and reinvigorate perfect competition. The goal of this book is to enter into this important debate by raising critical questions about the nature of market competition. Drawing on the insights of the classical political economists, Schumpeter, Hayek, the Oxford Economists’ Research Group (OERG) and others, the authors in this book challenge this perfect versus imperfect competition dichotomy in both theoretical and empirical terms. There are important differences between the theoretical perspectives of several authors in the broad alternative theoretical tradition defined by this book; nevertheless, a unifying theme throughout this volume is that competition is conceptualized as a dynamic disequilibrium process rather than the static equilibrium state of conventional theory. For almost all the others the growth of firm is consistent with a heightened degree of competitiveness, as both Marx and Schumpeter emphasized, and not a lowered one as in the conventional 'monopoly capital' view.

Author : Daniel F. Spulber
Publisher : Cambridge University Press
Page : 542 pages
File Size : 41,9 Mb
Release : 2009-04-13
Category : Business & Economics
ISBN : 9780521517386

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The Theory of the Firm by Daniel F. Spulber Pdf

The Theory of the Firm presents an innovative general analysis of the economics of the firm.

Author : Richard N. Langlois,Tony Fu-Lai Yu,Paul L. Robertson
Publisher : Unknown
Page : 680 pages
File Size : 48,8 Mb
Release : 2002
Category : Business enterprises
ISBN : IND:30000086159641

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Alternative Theories of the Firm by Richard N. Langlois,Tony Fu-Lai Yu,Paul L. Robertson Pdf

Author : Peter J. Curwen
Publisher : Springer
Page : 201 pages
File Size : 51,9 Mb
Release : 1976-04-01
Category : Business & Economics
ISBN : 9781349156450

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The Theory of the Firm by Peter J. Curwen Pdf

Author : Colin Jones,Gimme Walter
Publisher : Edward Elgar Publishing
Page : 240 pages
File Size : 49,6 Mb
Release : 2017-06-30
Category : Business & Economics
ISBN : 9781784711016

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An Autecological Theory of the Firm and its Environment by Colin Jones,Gimme Walter Pdf

The process of firm-level adaptation and survival have historically been of great interest to researchers of firms. However, these researchers have previously been denied an ecological framework within which to study the processes through which individual firms respond to and indeed, modify their individual environments. This book remedies this situation, providing the first comprehensive introduction to organisational autecology, or, the study of individual firms and the environments they interact with and typically modify to ensure their survival. In addition to establishing the theoretical and philosophical foundations of organisational autecology, the empirical application of this new approach is demonstrated and its future application to the domain of organisational studies is contemplated.

Author : Nobantu L. Mbeki
Publisher : Taylor & Francis
Page : 427 pages
File Size : 52,9 Mb
Release : 2023-04-07
Category : Business & Economics
ISBN : 9781000875638

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Post-Keynesian Theories of the Firm by Nobantu L. Mbeki Pdf

Within Post-Keynesian economics there is a spectrum of approaches to theories of the firm but what they have in common, to their great benefit, is a proper integration of the concept of radical uncertainty: data that cannot be known. This book revisits Kalecki’s theory of the firm is located to show that it constitutes fertile theoretical ground on which to systematically understand the resultant indeterminacy when firms operate under conditions of radical uncertainty. The author proposes a way of generalising radical uncertainty by integrating some of the separate approaches within Post-Keynesian economics centred around Kalecki’s work. Through this, it is shown that radical uncertainty does more than just change the ultimate motivation of firms (dropping short run profit maximisation; more complex motivation; interconnectivity with the environment), it is central to the emergence, existence and motivation of firms, and critically also firm strategy. It is argued that firms do not simply respond to uncertainty: it is the systematic cause of their intentional behaviour. Through developing these arguments, the book also contributes to the methodology of Kalecki and Shackle, as well as Kaleckian price theory. This book will be important reading for anyone interested in theories of the firm, Post-Keynesian economics and heterodox approaches to economics more broadly.

Author : Oliver E. Williamson
Publisher : Edward Elgar Publishing
Page : 0 pages
File Size : 42,5 Mb
Release : 2013
Category : Industrial organization (Economic theory).
ISBN : 0857938770

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The Transaction Cost Economics Project by Oliver E. Williamson Pdf

Transaction cost economics has and continues to be a fruitful area of research. There is still much to be done in the field with past research being used in conjunction with the vast number of contractual phenomena that have yet to be investigated in transaction cost economics terms. New challenges are posed by the need to move beyond the design of new contractual instruments (such as financial derivatives) to include an examination of the lurking hazards that attend contract implementation.

Author : Dwivedi D.N.
Publisher : Vikas Publishing House
Page : 128 pages
File Size : 45,9 Mb
Release : 2024-06-15
Category : Business & Economics
ISBN : 9789325986688

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Managerial Economics, 8th Edition by Dwivedi D.N. Pdf

This well-known book on the subject has stood the test of time for the last 35 years because of the quality of presentation of its text. It has become students’ favourite as it provides the latest theories, thoughts and applications on the subject with timely revisions to stay up-to-date all the time. Since its first edition, it has provided complete, comprehensive and authentic text on micro and macro aspects of managerial economics. It has now been revised thoroughly with added interpretations of economic theories and concepts and their application to managerial decisions. NEW IN THE EIGHTH EDITION • Summary at the end of each chapter for quick recap • One complete new chapter; several new sections Some New Important Sections • ‘Derivation of Demand Curve with Changing Marginal Utility of Money’, and ‘Why Demand Curve Slopes Downward to Right’ • ‘Expansion Path of Production’ and ‘Equilibrium of Multi-plant Monopoly’ • ‘Theory of Interest Rate Determination’ and ‘Monetary Sector Equilibrium’ • ‘Current Foreign Trade Policy of India’ and ‘Current Role of the IMF’ • ‘Monetary Policy’ and ‘Current Scenario of CSR in India’

Author : Oliver E. Williamson,Sidney G. Winter
Publisher : Oxford University Press, USA
Page : 260 pages
File Size : 42,8 Mb
Release : 1993
Category : Business & Economics
ISBN : 0195083563

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The Nature of the Firm by Oliver E. Williamson,Sidney G. Winter Pdf

This volume features a series of essays which arose from a conference on economics, addressing the question: what is the nature of the firm in economic analysis? This paperback edition includes the Nobel Lecture of R.N. Case.

Author : Stilwell, Frank,Primrose, David,Thornton, Tim B.
Publisher : Edward Elgar Publishing
Page : 520 pages
File Size : 49,5 Mb
Release : 2022-05-13
Category : Business & Economics
ISBN : 9781789909067

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Handbook of Alternative Theories of Political Economy by Stilwell, Frank,Primrose, David,Thornton, Tim B. Pdf

This Research Handbook advances entrepreneurship theory in new ways by integrating and contributing to contemporary theories of practice. Leading theorists and entrepreneurship experts, who are part of the growing Entrepreneurship as Practice (EaP) research community, expertly propose methodologies, theories and empirical insights into the constitution and consequences of entrepreneuring practices.

Author : Jamee K. Moudud,Cyrus Bina,Patrick L. Mason
Publisher : Routledge
Page : 362 pages
File Size : 54,5 Mb
Release : 2012-10-12
Category : Business & Economics
ISBN : 9781136241154

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Alternative Theories of Competition by Jamee K. Moudud,Cyrus Bina,Patrick L. Mason Pdf

The history of policymaking has been dominated by two rival assumptions about markets. Those who have advocated Keynesian-type policies have generally based their arguments on the claim that markets are imperfectly competitive. On the other hand laissez faire advocates have argued the opposite by claiming that in fact free market policies will eliminate "market imperfections" and reinvigorate perfect competition. The goal of this book is to enter into this important debate by raising critical questions about the nature of market competition. Drawing on the insights of the classical political economists, Schumpeter, Hayek, the Oxford Economists’ Research Group (OERG) and others, the authors in this book challenge this perfect versus imperfect competition dichotomy in both theoretical and empirical terms. There are important differences between the theoretical perspectives of several authors in the broad alternative theoretical tradition defined by this book; nevertheless, a unifying theme throughout this volume is that competition is conceptualized as a dynamic disequilibrium process rather than the static equilibrium state of conventional theory. For almost all the others the growth of firm is consistent with a heightened degree of competitiveness, as both Marx and Schumpeter emphasized, and not a lowered one as in the conventional 'monopoly capital' view.

Author : Richard R. Nelson
Publisher : Harvard University Press
Page : 456 pages
File Size : 46,9 Mb
Release : 1985-10-15
Category : Business & Economics
ISBN : 0674041437

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An Evolutionary Theory of Economic Change by Richard R. Nelson Pdf

This book contains the most sustained and serious attack on mainstream, neoclassical economics in more than forty years. Nelson and Winter focus their critique on the basic question of how firms and industries change overtime. They marshal significant objections to the fundamental neoclassical assumptions of profit maximization and market equilibrium, which they find ineffective in the analysis of technological innovation and the dynamics of competition among firms. To replace these assumptions, they borrow from biology the concept of natural selection to construct a precise and detailed evolutionary theory of business behavior. They grant that films are motivated by profit and engage in search for ways of improving profits, but they do not consider them to be profit maximizing. Likewise, they emphasize the tendency for the more profitable firms to drive the less profitable ones out of business, but they do not focus their analysis on hypothetical states of industry equilibrium. The results of their new paradigm and analytical framework are impressive. Not only have they been able to develop more coherent and powerful models of competitive firm dynamics under conditions of growth and technological change, but their approach is compatible with findings in psychology and other social sciences. Finally, their work has important implications for welfare economics and for government policy toward industry.