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Expectation, Enterprise and Profit - The Theory of the Firm (Paperback, New Ed) Loot Price: R1,544
Discovery Miles 15 440
Expectation, Enterprise and Profit - The Theory of the Firm (Paperback, New Ed): G.L.S. Shackle

Expectation, Enterprise and Profit - The Theory of the Firm (Paperback, New Ed)

G.L.S. Shackle

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Loot Price R1,544 Discovery Miles 15 440 | Repayment Terms: R145 pm x 12*

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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.

"G. L. S. Shackle" (1903-1992) was Brunner Professor of Economic Science at the University of Liverpool and was widely known for a succession of major contributions to economic studies, including "Expectation in Economics, Economics for Pleasure, A Scheme of Economic Theory," and "The Years of High Theory."

General

Imprint: AldineTransaction
Country of origin: United States
Release date: July 2007
First published: 1970
Authors: G.L.S. Shackle
Dimensions: 229 x 152 x 9mm (L x W x T)
Format: Paperback
Pages: 156
Edition: New Ed
ISBN-13: 978-0-202-30949-1
Categories: Books > Business & Economics > Economics > Economic theory & philosophy
Books > Business & Economics > Economics > Microeconomics > General
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LSN: 0-202-30949-5
Barcode: 9780202309491

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