A Market Process Theory of the Firm : An Alternative to the Neoclassical Model (Paperback)

Acknowledgements Instead of an introduction 1. The neoclassical theory of the firm: its application and limitations The fundamental law of neoclassical economics 6 The problem with MC curve: do the limitations apply to this side of firm’s activity? The problem with the MC classification: are fixed costs significant only in the long run? The problem with profit maximization: can it be considered the firm’s objective? 2. Theoretical imputation and real calculation Value and imputed value The law of costs and monetary imputation Prices as information carriers in a heterogeneous world Judgment, business decisions and ownership 3. The firm’s size and limitations The firm’s size and expansion The Nature of the Firm by Ronald Coase Empirical barriers to business expansion 4. Imponderability of firms Firms as value creators Innovation and the firm What are new things? A firm is never constans 5. The organics of the industry and firms Clusters Industries and diffusion of innovations Market economy as evolutionary rationalizer 6. Firms’ mistakes and economic evolution Legal and political factors International factors Technological factors Internal factors (entrepreneurial and managerial) Business history as a dead-end street? Social perception and firms Instead of Conclusions Literature Index