The Corporation as Anomaly

David E. Schrader

doi:10.1017/CBO9780511528323

This 1993 book discusses the rise of the marginalist conception of the firm in the context of economic thought over the past two centuries, and explains why economists continue to defend a theory with demonstrable shortcomings. Professor Schrader argues that the marginalist view of the firm retains its support not through any comparative advantage in empirical or predictive power, but by virtue of its being a part of the predominant marginalist economic programme. The clear problems that beset the marginalist approach to the firm signal a general dilemma for economic theory as a whole.

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The Corporation as Anomaly

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Contents

Frontmatter
pp i-vi

Contents
pp vii-viii

Preface
pp ix-xii

Introduction
pp 1-9

1 - The hidden change in economic theory
pp 10-24

2 - Four views of scientific change
pp 25-44

3 - A glance at the history of economic theory
pp 45-73

4 - Agreement and disagreement within the tradition
pp 74-90

5 - Theories of the firm
pp 91-109

6 - Confusions and problems with the marginalist view
pp 110-130

7 - The shape of the large managerial corporation
pp 131-155

8 - The theoretical impact of a better theory of the firm
pp 156-174

Notes
pp 175-185

Bibliography
pp 186-195

Index
pp 196-202

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The Corporation as Anomaly

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