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Foundations of a Pure Cost Theory (Paperback, Softcover reprint of the original 1st ed. 2014)
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Foundations of a Pure Cost Theory (Paperback, Softcover reprint of the original 1st ed. 2014)
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Heinrich von Stackelberg's book, "Grundlagen einer reinen
Kostentheorie", published in 1932 was at the forefront of a growing
conceptual revolution in the theory of the firm, a theory which
appears more relevant than ever in today's economic climate. In
this work, Stackelberg masterfully built a theoretical framework
which he later developed in Market Structure and Equilibrium.
Foundations of a Pure Cost Theory represents the first translation
of the original German version into English. This substantial book
offers readers a critical and technical understanding of the firm,
how firms function and the environments in which they operate.
Fundamental notions of cost production, market economy, optimum
position and velocities of production are given prominence.
Ultimately, this work, which remains largely unknown, can be seen
as a milestone text in our understanding of the strategies adopted
by firms as a whole. The book has been meticulously translated from
the German into English, retaining the author's examples in their
historical context and capturing the spirit of the time with all
its subtlety and significance.
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