Per L. Bylund – The Problem of Production-A new theory of the firm

Per L. Bylund – The Problem of Production-A new theory of the firm
English | eBook | Size: 1.95 MB

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.

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

Contents:
Acknowledgments
Introduction
1 What we know and what we don’t know about the firm
2 The extent of the market process
3 The “specialization 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
References
Index

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