What sets the firm apart from other producers is the commercial nature of its operations. The firm produces for the market and only for the market. It produces goods and buys them not in order to consume them but in order to sell them or their products. While economic agents other than the firm...

This paper examines and develops the firm-centered price theory of Post Keynesian economics. It takes issue with the traditional interpretation of that theory, arguing that although its prices are cost-based, they are not cost-determined. The distinctiveness and significance of the theory are...

This paper discusses the life and work of Josef Steindl. It examines the development of his thought from his early writings on firm size and industrial concentration to his late work on the post-war problems of capitalist economies. Special attention is given to his seminal work on the Great...