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Books > Business & Economics > Economics > Microeconomics
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Capital and Uncertainty - The Capital Investment Process in a Market Economy (Hardcover)
Loot Price: R2,872
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Capital and Uncertainty - The Capital Investment Process in a Market Economy (Hardcover)
Series: The Locke Institute series
Expected to ship within 12 - 17 working days
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This book is an important addition to the emerging body of new work
on capital. Its primary contribution is in analysing capital
investment choice as a process. The understanding of this process
requires some modification and significant extension to the
standard neo-classical economic tools.Capital and Uncertainty is a
non-mathematical text, modernizing and adding to the existing
thought in this area, with insights from game theory, rational
choice under uncertainty and new institutional economics. Dr Runge
also draws upon 25 years of business experience in setting out a
thorough and immensely practical exposition of the risk/return
trade-off and how major capital investment decisions are made
within firms. Topics studied include: the nature of capital
investment decisions entrepreneurship and the market order capital
investment choice processes capital investment models capital
decisions: choices between strategies Economists, industrial
organisation specialists, business academics and practitioners
alike will all find this book of immense interest and use.
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