Theoretical Analysis of the Behaviour and Decisions of Manufacturing Firms in Western Europe

  • Marcel Capet
Part of the International Economic Association Series book series (IEA)


Every manufacturing firm, a textile company, say, or an engineering company, may be looked at from a number of very different points of view, such as its financial flows, goals, and so on. For purposes of a detailed analysis these aspects had best be discussed separately before attempting to present a comprehensive model. The firm may be considered in terms of its financial flows, production processes, goals and roles, and I shall begin by examining each of these separately.


Profit Margin Manufacture Firm Work Unit Debt Ratio Financial Flow 
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    R. Marris, ‘A model of the Managerial Enterprise’, Quarterly Journal of Economics, May, 1963.Google Scholar
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    W. J. Baumol, ‘Firms with Limited Money Capital’, Kyklos, 1953.Google Scholar
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    These consequences have been discussed, more or less systematically, by a number of authors, including, for England, J. Woodward (op. cit.); for France, M. Danty-Lafranee (mimeographed lectures at the Conservatoire des Arts et Métiers); for the United States, Peter Drucker, The Practice of Management, New York, 1954; and for the Soviet Union, Kamenitzer, Kontorovitch, and Pichulin, The economy, organization and planning of a manufacturing firm, Moscow, 1961 (in Russian).Google Scholar
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    See, for instance, D. R. Luce and H. Raiffa, Games and Decision, New York, 1957, Chap. 13.Google Scholar
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    M. Shubik, ‘Objective Functions and Models of Corporate Organizations’, Quarterly Journal of Economics, 1961. The choice of factors depends upon the distribution of power, which means mostly the distribution of information within the firm.Google Scholar
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    See E. Jaques, The Changing Culture of a Factory (3rd Edn.), London, 1957.Google Scholar
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    In F. Perroux, Esquisse d’une théorie de l’économie dominante, Archives de l’ISEA, Paris, 1948.Google Scholar

Copyright information

© International Economic Association 1966

Authors and Affiliations

  • Marcel Capet
    • 1
  1. 1.Faculté de Droit et des Sciences ÉconomiquesLilleFrance

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