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Expectation, Enterprise and Profit: The Theory of the Firm by G. L. S. Shackle (Paperback, 2007)

About this product

About this product

Product Information

Production is a complex system of interdependent activities, necessary to the system as a whole, which itself depends on the continuance of each individual activity that composes it. In such a system, resources must be committed to specific technological purposes long in advance to the ultimate sale of goods to the consumer. The success of such an enterprise system rests on the durability of the instruments it uses. These are so complex, sensitive, and powerful that their huge expense can be recovered only if they can be used for many years. Yet when the decision is made to invest in them, those years of use are in the future and the conditioning circumstances are unobservable and unknown. The firm in Western economies is the essential institutional means of confronting this problem of uncertainty, Expectation, Enterprise and Profit: The Theory of the Firm is concerned with the nature and mode of life of the firm as a means of policy formation in the face of uncertainty. This book offers a concise treatment and excellent analysis of the major concepts studied in a first course in the theory of the firm.

Product Identifiers

Publisher
Taylor & Francis Inc
ISBN-13
9780202309491
eBay Product ID (ePID)
95952641

Product Key Features

Author
G. L. S. Shackle
Publication Name
Expectation, Enterprise and Profit: the Theory of the Firm
Format
Paperback
Language
English
Subject
Economics
Publication Year
2007
Type
Textbook
Number of Pages
156 Pages

Dimensions

Item Height
229mm
Item Width
152mm
Item Weight
249g

Additional Product Features

Title_Author
G. L. S. Shackle
Country/Region of Manufacture
United States

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