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The Economics of the Business Firm: Seven Critical Commentaries - Hardcover

 
9780521481199: The Economics of the Business Firm: Seven Critical Commentaries
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The essays in this volume break new ground in the theory of the business firm and its applications in economics. A leading analyst of industrial organization, Professor Demsetz critically examines current debates on the existence, definition, and organization of the firm and discusses issues related to the emerging theory of the firm. He then analyzes the relation among 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.

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"...this is an instructive book. I benefited from reading it. Applied microeconomists and organization theorists will take delight in the insights and many will be stimulated to do follow-on research." Oliver E. Williamson, Journal of Economic Literature

"These essays are the quintessential Harold Demsetz, the defender of the market. Moreover, it is important that this position be articulated and known to all economists regardless of their own views about the efficiency of the market system. Demsetz's writing is eloquent and sharp and he takes on all sides in his defencse of the classical economic position." Morton I. Kamien, Kellogg Graduate School of Management Northwestern University

"The commentaries show the kind of insight and thoughtfulness I have come to appreciate in Harold Demsetz's work. The issues he confronts add important dimensions to our understanding." Douglass C. North, Nobel Laureate, Washington University in St. Louis

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  • PublisherCambridge University Press
  • Publication date1995
  • ISBN 10 0521481198
  • ISBN 13 9780521481199
  • BindingHardcover
  • Number of pages191

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9780521588652: The Economics of the Business Firm: Seven Critical Commentaries

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ISBN 10:  0521588650 ISBN 13:  9780521588652
Publisher: Cambridge University Press, 1996
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Book Description Paperback. Condition: Very Good. 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. The book has been read, but is in excellent condition. Pages are intact and not marred by notes or highlighting. The spine remains undamaged. Seller Inventory # GOR013171880

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