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"This highly original book develops a systematic zero-net-profit comparative statics theory of the firm that challenges … many widely held views in microeconomics. It builds a bridge between the marginalist long-run theory of the firm and … Sraffian theory to create a unified theoretical framework that explains how firms react to exogenous shocks resulting in new …
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Introduction -- Normative versus positive analysis in the history of the theory of production -- The division of labour … and the theory of the firm -- Proto-neoclassicals and the theory of production -- Appendix: a very brief history of … topics to do with the history of the mainstream approach to the theory of production and the theory of the firm. This …
Persistent link: https://www.econbiz.de/10012310113
Introduction -- Normative versus positive analysis in the history of the theory of production -- The division of labour … and the theory of the firm -- Proto-neoclassicals and the theory of production -- Appendix: a very brief history of …
Persistent link: https://www.econbiz.de/10013182966
1. What we know and what we don't know about the firm -- 2. The extent of the market process -- 3. The 'specialisation deadlock' -- 4. Entrepreneurship and integration -- 5. Authority and hierarchy -- 6. The volatile character of the firm -- 7. Financing, ownership, and boundaries of the firm --...
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Do firm entry and exit play a major role in shaping aggregate dynamics? Our answer is yes. Entry and exit propagate the effects of aggregate shocks. In turn, this results in greater persistence and unconditional variation of aggregate time-series. These are features of the equilibrium allocation...
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