||1 of 1 people found the following review helpful.| A quite brilliant addition to the theory of the firm and Austrian Economic Theory|By Hunter Hastings|Economic theory has always struggled with the development of a cogent theory of the economic role and purpose of the firm. Mainstream economics gets it all wrong of course, as a result of theoretical problems raised by the concept of perfect competition. Coase and Schumpeter fa|||"The author succeeds in spotlighting the economic function provided by the firm―in place of the traditional view of starting with the conception of a firm ―by first looking at the market and its limitations to production. Consequentially, this theory dev
The theory of the firm has been fertile ground for economists. Bylund proposes a new theory, rooted in Austrian economics, which examines the firm as a part of the market, and not as a free-standing entity. In this integrated view, a theory is offered which incorporates entrepreneurship, production, market process and economic development.
[PDF.iv59] The Problem of Production: A new theory of the firm (Routledge Advances in Heterodox Economics) Rating: 3.98 (605 Votes)
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