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Problem of Production: A New Theory of the Firm

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Per L. Bylund is Records-Johnston Professor of Free Enterprise and Assistant Professor of Entrepreneurship, School of Entrepreneurship, Oklahoma State University, USA.
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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.


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Introduction 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 8 The Firm as a Market Institution 9 The Nature of the Market Process 10 Policy Implications 11 What the Future Holds
ISBN 9781138299979
Publisher Taylor and Francise
Publication Date October 23, 2017
Original Publisher Routledge
Binding PB
Page Length 186
Dimensions 6x9