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Market and Non-market Hierarchies: Theory of Institutional Failure examines capitalism's three major institutions: the market, the firm, and the state. Plumbing the depths of history and surfacing in the modern era, this book offers the unique perspective of analysis through the lens of Marxian theories of capitalist crisis alongside a comparison of major micro- and macroeconomic theories of failure. Comprehensive in scope, the discussion tracks the evolution of the firm and explores the capitalist state as a preface to a theory of institutional failure based on transaction cost economizing.

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Examines the questions of the existence, evolution and failure of the three major institutions of capitalism: the market, the firm (including the transnational corporation) and the state. The author adopts an evolutionary-historical approach aimed at deriving a synthesis where possible.
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Acknowledgements

1 Institutions of Capitalism and Institutional Failure 1

2 The Nature Objectives and Evolution of Firms 7

3 Competition, Monopoly and Prices 55

4 The Capitalist State 93

5 Theory of Capitalist Institutional Failure and Crisis 149

References 225

Index 247

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Produktdetaljer

ISBN
9780631190615
Publisert
1993-07-28
Utgiver
Vendor
Wiley-Blackwell
Vekt
397 gr
Høyde
228 mm
Bredde
155 mm
Dybde
21 mm
Aldersnivå
UU, UP, P, 05, 06
Språk
Product language
Engelsk
Format
Product format
Heftet
Antall sider
254

Biographical note

Christos N. Pitelis is the author of Market and Non-Market Hierarchies: Theory of Institutional Failure, published by Wiley.