The Theory of the Firm: Microeconomics with Endogenous Entrepreneurs, Firms, Markets, and Organizations
$36.99
Description
Book Synopsis: 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 book provides innovative models of economic equilibrium that endogenously determine the structure and function of economic institutions. The book proposes an “intermediation hypothesis” – the establishment of firms depends on the effects of transaction costs and on the extent of the market.
Details
Are you ready to revolutionize your understanding of the economics of the firm? Look no further than "The Theory of the Firm: Microeconomics with Endogenous Entrepreneurs, Firms, Markets, and Organizations." This groundbreaking book offers a comprehensive framework that unravels the mysteries of why firms exist, how they are established, and the invaluable contributions they make to the economy.
"The Theory of the Firm" introduces a fresh and innovative approach to microeconomics by exploring the crucial role entrepreneurs play in shaping the business landscape. Experience a whole new perspective as you delve into the mechanisms behind establishing firms. Witness how these firms dynamically create and operate markets and organizations, all within the framework of this cutting-edge analysis.
One of the key features of this book lies in its revolutionary models of economic equilibrium. Unlike traditional theories, "The Theory of the Firm" embeds the very foundations of microeconomics within institutions themselves. By doing so, it uncovers the hidden bonds that connect entrepreneurs, firms, markets, and organizations. These models present a fresh and organic lens through which economic structures are formed and their functions determined.
Do not miss the opportunity to explore the illuminating "intermediation hypothesis" proposed within this book. Discover how the establishment of firms is intricately influenced by transaction costs and the breadth of the market. Gain an authoritative understanding of the factors that shape our economic landscape and the interconnected nature of economic institutions.
Unlock the true potential of your knowledge in microeconomics by delving into "The Theory of the Firm: Microeconomics with Endogenous Entrepreneurs, Firms, Markets, and Organizations." Empower yourself with comprehensive insights and take your understanding to new heights. Embrace the future of economic analysis today by clicking here.
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