Description

Book Synopsis

Everything you ever wanted to know about growing grapes

Market and Non-market Hierarchies: Theory of Institutional Failure examines capitalism''s three major institutions: the market, the firm, and the state. Plumbing the depths of history and surfacing in the modern era, this book offers the unique perspective of analysis through the lens of Marxian theories of capitalist crisis alongside a comparison of major micro- and macroeconomic theories of failure. Comprehensive in scope, the discussion tracks the evolution of the firm and explores the capitalist state as a preface to a theory of institutional failure based on transaction cost economizing.



Table of Contents
Institutions of capitalism and institutional failure; the nature, objectives and evolution of firms; competition, monopoly and prices; the capitalist state; theory of capitalist institutional failure and crisis.

Market and NonMarket Hierarchies

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    A Paperback / softback by Christos N. Pitelis

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      Publisher: John Wiley and Sons Ltd
      Publication Date: 28/07/1993
      ISBN13: 9780631190615, 978-0631190615
      ISBN10: 0631190619
      Also in:
      Economic theory and philosophy

      Description

      Book Synopsis

      Everything you ever wanted to know about growing grapes

      Market and Non-market Hierarchies: Theory of Institutional Failure examines capitalism''s three major institutions: the market, the firm, and the state. Plumbing the depths of history and surfacing in the modern era, this book offers the unique perspective of analysis through the lens of Marxian theories of capitalist crisis alongside a comparison of major micro- and macroeconomic theories of failure. Comprehensive in scope, the discussion tracks the evolution of the firm and explores the capitalist state as a preface to a theory of institutional failure based on transaction cost economizing.



      Table of Contents
      Institutions of capitalism and institutional failure; the nature, objectives and evolution of firms; competition, monopoly and prices; the capitalist state; theory of capitalist institutional failure and crisis.

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