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A Market Process Theory of the Firm: An Alterna, Machaj..

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Objectstaat
Nieuw: Een nieuw, ongelezen en ongebruikt boek in perfecte staat waarin geen bladzijden ontbreken of ...
Title
A Market Process Theory of the Firm: An Alternative to the Neocl
ISBN
9780367749248
EAN
9780367749248
Subject Area
Organizational Sociology
Publication Name
A Market Process Theory of the Firm: an Alternative to the Neoclassical Model
Publisher
Taylor & Francis LTD
Subject
Economics
Publication Year
2021
Type
Textbook
Format
Hardcover
Language
English
Item Height
234mm
Author
Mateusz Machaj
Item Width
156mm
Item Weight
290g
Number of Pages
102 Pages

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Product Information

Neoclassical economics has been criticized from various angles by orthodox schools. The same can be said about its particular branch: the theory of the firm. This book demonstrates how a successful theory of the firm can be presented without flawed notions of a neoclassical framework and used to comprehend actual business history. The author argues that we should start from the assumption that businesses are inevitably imponderable, as that is their nature, in the process of economic evolution. The book offers an in-depth exploration of neoclassical limitations by examining each of the small details associated with the famous MR = MC rule. It follows a step-by-step approach, which starts off with neoclassical assumptions and then moves into more empirically sound theory, based on modeling logic and rooted in real world examples. The author presents a novel discussion on the size of the firm, both in terms of classifying a firm's expansion and about the factors that limit the size of the firm and argues how formal pricing theory can be built using more indeterminate assumptions about firms. Further, there is a discussion on how firms are rooted in amorphous industries, which helps to explain economic progress better by emphasizing the importance of economic experiments, mistakes and bankruptcies. This is a valuable reference for scholars and researchers who are interested in a range of topics from microeconomics, through pricing theory to industrial organization, history of economic thought and managerial economics.

Product Identifiers

Publisher
Taylor & Francis LTD
ISBN-13
9780367749248
eBay Product ID (ePID)
4049038935

Product Key Features

Subject Area
Organizational Sociology
Author
Mateusz Machaj
Publication Name
A Market Process Theory of the Firm: an Alternative to the Neoclassical Model
Format
Hardcover
Language
English
Subject
Economics
Publication Year
2021
Type
Textbook
Number of Pages
102 Pages

Dimensions

Item Height
234mm
Item Width
156mm
Item Weight
290g

Additional Product Features

Title_Author
Mateusz Machaj
Series Title
Routledge Studies in the Economics of Business and Industry
Country/Region of Manufacture
United Kingdom

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Btw-nummer:
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Handelsregistratienummer:
  • 03800600
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