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The Economics of the Business Firm

Seven Critical Commentaries

Harold Demsetz author

Format:Paperback

Publisher:Cambridge University Press

Published:13th Sep '96

Currently unavailable, and unfortunately no date known when it will be back

The Economics of the Business Firm cover

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 These previously unpublished essays derive from lectures originally presented at Uppsala and Lund Universities in Sweden, the Mont Pelerin Society meeting in Prague, and the Center for the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.

'… a stimulating and challenging collection of essays which will certainly repay careful reading by those concerned with the issues which Demsetz tackles.' D. P. O'Brien, The Economic Journal

ISBN: 9780521588652

Dimensions: 228mm x 150mm x 15mm

Weight: 273g

192 pages