Contents: Part I: An alternative theory of the firm -- 1. Why we need an alternative theory of the firm and its environment -- Part II: The firm and its environment -- 2. What is a firm? -- 3. What is an environment? -- 4. Modification and matching -- Part III: Explaining adaptation -- 5. The...

It is now widely acknowledged that institutions are a crucial factor in economic performance. Major developments have been made in our understanding of the nature and evolution of economic institutions in the last few years. This book brings together some key contributions in this area by...

This topical book interprets firms, governments and economic change from an entrepreneurial perspective. Essentially, it applies the Austrian theory of human agency and evolutionary theories of the firm to explain economic organisation, the state and institutional change. Tony Yu begins by...

Contents: 1. Multinationals: -- in theory and practice -- 2. From FDI to the MNE: -- Hymer and the roots of ownership advantage -- 3. From innovation to internationalisation: the product cycle model -- 4. From multi-domestic hierarchy to network hierarchy -- 5. Trade and FDI revisited: -- the...

The economics of worker cooperatives is a branch of economic inquiry with a long and esteemed pedigree, dating at least from the work of John Stuart Mill in the mid-nineteenth century. Since then, leading economists have paid intermittent attention to the topic, but the collapse of...

This authoritative volume focuses on the rise of modern firms, from their early history to the present day. It considers the role of laws and contracts in shaping the growth and influence of business enterprises. It presents entrepreneurs, executives and the firms they controlled as driving...

The ideal firm has been studied over several centuries, yet little is known about what makes one successful and another fail. This pioneering book brings together leading researchers investigating the concept of the firm from a neuroscientific perspective

The world of multinational enterprises is changing dramatically. Their complex and dynamic international context presents them with special challenges--threatening their survival on one hand, and presenting them with unprecedented opportunities on the other. In this volume, international experts...

While characteristically "Austrian" themes such as entrepreneurship, economic calculation, tacit knowledge and the temporal structure of capital are clearly relevant to the business firm, Austrian economists have said relatively little about management, organization, and strategy. This...

Over the last few decades, there has been a great deal of management literature recommending the removal of firms' hierarchies and the empowerment of employees. Ivan Pongracic, Jr. examines these themes through the lense of the economic theory of the firm. Balancing the tendency for management...