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The Theory of the Firm and the Theory Of economic Growth

An Essay on the Economics of Institutions, Competition, and the Capacity of the Political System to Cope with Unexpected Change
  • Gunnar Eliasson
Part of the Recent Economic Thought book series (RETH, volume 36)

Abstract

The nature of the firm, as we understand it, is totally conditioned by themarket environment in which the firm is operating. This is true for the realas well as for the theoretical firm. In attempting to link the behavior of the firm to the growth process of a national economy, it thus becomes importantto present a theoretical firm that is as close as possible to a real firm of acapitalistically organized market economy. As we will see, this will forceus also to discuss economic growth in terms of a realistic model representation of the dynamics of firm behavior in markets, in fact, making aggregation endogenous and explicit.

Keywords

Market Economy Evolutionary Approach Industrial Revolution Creative Destruction Firm Behavior 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Kluwer Academic Publishers 1994

Authors and Affiliations

  • Gunnar Eliasson
    • 1
  1. 1.StockholmSweden

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