In this paper we utilize traditional microeconomic theory and elementary queuing theory to develop a computer simulation model of a single-product, multi-process firm. One of our objectives is to demonstrate that the body of economic theory known as the "theory of the firm" may be used to...

Based on the 1992 Fellow's Address of the Southern Regional Science Association. This article takes a nostalgic tour through Georgia's rural countryside, showing the effects of stagnation and decline. It then reviews the conditions for growth and development in the tradition of Schumpeter and...