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  1. Home
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  3. The Economics of the Business Firm
  • Cited by 93
Publisher:
Cambridge University Press
Online publication date:
July 2010
Print publication year:
1995
Online ISBN:
9780511582356
DOI:
https://doi.org/10.1017/CBO9780511582356
Subjects:
Economics, Industrial Economics, Organisation Studies, Management
Information

Book description

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 These previously unpublished essays derive from lectures originally presented at Uppsala and Lund Universities in Sweden, the Mont Pelerin Society meeting in Prague, and the Center for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

Reviews

‘… 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 Source: The Economic Journal

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