||0 of 0 people found the following review helpful.| An Interesting Read Tackling a Long Wrestled-With Topic in Economics|By Taylor Expansion|This book takes a thought-provoking take on how and why "firms" exists along with what role they play in society. The definition used for the firm, "a transaction institution whose objectives are separate from those of its owners," while excluding important "consumer organizations" such as||"Daniel Spulber has produced nothing less than a magisterial work. His treatment of firm formation and the role of entrepreneurs in economic activity makes it a certainty that introductory texts in economics will have to be rewritten to accommodate the import
The Theory of the Firm presents a path-breaking general framework for understanding the economics of the firm. The book addresses why firms exist, how firms are established, and what contributions firms make to the economy. The book presents a new theoretical analysis of the foundations of microeconomics that makes institutions endogenous. Entrepreneurs play a central economic role by establishing firms. In turn, firms create and operate markets and organizations. The b...
[PDF.ux40] The Theory of the Firm: Microeconomics with Endogenous Entrepreneurs, Firms, Markets, and Organizations Rating: 4.91 (640 Votes)
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You can specify the type of files you want, for your gadget.The Theory of the Firm: Microeconomics with Endogenous Entrepreneurs, Firms, Markets, and Organizations | Daniel F. Spulber. A good, fresh read, highly recommended.
