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Competition, Diversity and Economic Performance - Processes, Complexities and Ecological Similarities (Hardcover)
Loot Price: R3,700
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Competition, Diversity and Economic Performance - Processes, Complexities and Ecological Similarities (Hardcover)
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This thought-provoking book explores the influences of market
competition and diverse behaviors of economic agents on economic
performance, particularly dynamic economic performance. Clem
Tisdell illustrates - within evolutionary, dynamic and static
contexts - how diversity can improve or impede economic
performance. He addresses the fact the role of diversity in
improving economic performance has been neglected by economic
theorists by making economic diversity a focal point of economic
analysis. In particular, special attention is given to the value of
economic diversity and economic imperfections in improving the
performance of economic processes in particular identified
situations. Limitations of using market-like mechanisms for
managing public bodies and business firms are discussed and the
value of business cooperation (economic mutualism) as a means for
improving economic performance is examined. It is also observed
that as economies develop, different forms of economic competition
and business cooperation evolve. Challenging yet accessible, this
book will prove a stimulating read for academics and students in
the fields of economics, industrial organization and business and
management.
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