This book presents a new theoretical framework for the analysis of production processes. Based on a rigorous reconstruction of the intellectual heritage of economics, it also considers issues traditionally left aside by economists--the distinctions of the three dimensions of the production process (tasks, capabilities, and materials in process), the organizational approach to scale and size, and the idea that different institutional set-ups may be compatible with the same objective standard of efficiency.

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Roberto Scazzieri is Professor of Economics at the University of Bologna and Life Member of Clare Hall, Cambridge.

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