Foundations of Organisational Economics: Histories and Theories of the Firm and Production

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Paul Walker

Foundations of Organisational Economics

Histories and Theories of the Firm and Production

Paul Walker

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English

Routledge
26 September 2022

Microeconomics; Economics of industrial organisation; Economic history; Organisational theory & behaviour

Series: Routledge Studies in the History of Economics

Foundations of Organisational Economics: Histories and Theories of the Firm and Production delves into a range of key topics to do with the history of the mainstream approach to the theory of production and the theory of the firm. This includes the frameworks used to analyse production, the division of labour and its application to the firm and the development of the neoclassical model of production.

The first topic explored is the change from a normative approach to a largely positive approach to the analysis of the theory of production, which occurred around the seventeenth century. The next topic is an examination of the relationship (or the lack of a relationship) between the division of labour and the theory of the ﬁrm. In the fourth chapter, the focus is on the development of the proto-neoclassical approach to production. Here, the development of the theories of monopoly, oligopoly and perfect competition are discussed, as well as the theory of input utilisation. Chapter 5 looks at Marshall’s idea of the representative firm, which was the main early neoclassical approach to the theory of industry-level production. The penultimate chapter considers the criticisms made of the neoclassical model between 1940 and 1970.

This work is an illuminating reference for students and researchers of the history of economic thought, industrial organisation, microeconomic theory and organisational studies.

By: Paul Walker
Imprint: Routledge
Country of Publication: United Kingdom
Dimensions: Height: 234mm, Width: 156mm,
Weight: 453g
ISBN: 9780367722494
ISBN 10: 0367722496
Series: Routledge Studies in the History of Economics
Pages: 186
Publication Date: 26 September 2022
Audience: College/higher education , Adult education , Further / Higher Education , Tertiary & Higher Education
Format: Paperback
Publisher's Status: Active

Paul Walker is an economist based in Christchurch, New Zealand. He received his PhD in economics from the University of Canterbury, Christchurch, New Zealand. His research is mainly to do with the history of economic thought and the theory of the firm. He is author of The Theory of the Firm: An Overview of the Economic Mainstream and A Brief Prehistory of the Theory of the Firm, both published by Routledge.