Production, entrepreneurship, and profits
Author(s)
Bibliographic Information
Production, entrepreneurship, and profits
B. Blackwell, 1989
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Note
Bibliography: p. 305-318
Includes indexes
Description and Table of Contents
Description
This is a study of how entrepreneurs and markets co-allocate resources in a competitive economy. It begins by surveying the relevant literature and then integrates the well-known ideas into a general analytical framework. It shows how both profit-making and non profit-making firms are characterized as coalitions of entrepreneurs, which cooperatively channel their own services into production, and how the firms, together with other agents, act competitively in the market to conduct exchange activities. In this way, it is argued, the entrepreneur and the market guide all available resources into their employments. The book is aimed at all professional economists and social scientists and also at inquisitive undergraduates and lay persons.
Table of Contents
- Preface
- Chapter 1: The Role of the Firm, Entrepreneur and Profits in Economic Theory
- Part I: The Heritage
- Chapter 2: The Classical Legacy Chapter 3: The Neoclassical Synthesis
- Part II: The Dissenting Views
- Chapter 4: Market Uncertainty and the Entrepreneur Chapter 5: Raison d'etre of Firms Chapter 6: On the Nature of Firms Chapter 7: Stockholders' Unanimity in Incomplete Markets
- Part III: A New Synthesis
- Chapter 8: The Entrepreneur and Entrepreneurship Chapter 9: Firms as Coalitions of Entrepreneurs Chapter 10: Firm's Internal Organization Chapter 11: The Nature of the Firm Revisited Chapter 12: Entrepreneurs and Production Organizations from an Historical Perspective Chapter 13: On Theory of Profits Chapter 14: Economy With Nonprofit Producers
- Part IV: Mathematical Appendices
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