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.
This paper summarizes the results of a number of my recent studies, notably Eliasson (1987, 1988a, 1990a,b,c, 1991a,c).
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Eliasson, G. (1994). The Theory of the Firm and the Theory Of economic Growth. In: Magnusson, L. (eds) Evolutionary and Neo-Schumpeterian Approaches to Economics. Recent Economic Thought, vol 36. Springer, Dordrecht. https://doi.org/10.1007/978-0-585-35155-1_6
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