The Megacorp and Oligopoly: Micro Foundations of Macro Dynamics

✍ Scribed by Alfred S. Eichner

Publisher: Cambridge University Press
Year: 1976
Tongue: English
Leaves: 379
Category: Library

No coin nor oath required. For personal study only.

✦ Synopsis

This book provides both an explanation of the inflation which has bedeviled economic policy in the West since the end of World War II and a micro-economic theory to purge Keynesian models of the Walrasian strain derived from Marshall's Principles. By focusing on what is taken to be the representative business firm of the twentieth century - the large corporation or megacorp - the microeconomic model presented in the book reverses the usual assumptions of economic analysis. Instead of assuming the existence of firms with no control over prices, the book examines how the megacorp uses its pricing power to finance its own internal rate of growth. The result is a determinant model of how prices are set under the sort of oligopolistic conditions which prevail in most modern industries throughout the world.

📜 SIMILAR VOLUMES

Micro-, Meso- and Macro-Dynamics of the

📁 Micro-, Meso- and Macro-Dynamics of the Brain

✍ György Buzsáki, Yves Christen (eds.) 📂 Library 📅 2016 🏛 Springer International Publishing 🌐 English

<p>This book brings together leading investigators who represent various aspects of brain dynamics with the goal of presenting state-of-the-art current progress and address future developments. <p>The individual chapters cover several fascinating facets of contemporary neuroscience from elementary c

Consumer Expectations: Micro Foundations

📁 Consumer Expectations: Micro Foundations and Macro Impact

✍ Richard Thomas Curtin 📂 Library 📅 2019 🏛 Cambridge University Press 🌐 English

Richard Curtin has directed the University of Michigan's consumer sentiment surveys for more than four decades. His analyses of recent trends in consumer expectations are regularly covered in the worldwide press. In this book, Curtin presents a new theory of expectations. Whereas conventional theori

Public Policy Transfer: Micro-Dynamics a

📁 Public Policy Transfer: Micro-Dynamics and Macro-Effects

✍ Magdaléna Hadjiisky, Leslie A. Pal, Christopher Walker (eds.) 📂 Library 📅 2017 🏛 Edward Elgar 🌐 English

<i>Public Policy Transfer</i> highlights how local adaptations and innovations contribute to ongoing policy development, as domestic policy-making activity becomes increasingly engaged with global networks. This work draws together various disciplinary perspectives that dominate the study of policy

The Micro-Macro Link

📁 The Micro-Macro Link

✍ Jeffrey C. Alexander (Ed.), Bernhard Giesen (Ed.), Richard Münch (Ed.), Neil J. 📂 Library 📅 1987 🏛 University of California Press 🌐 English

The work of fifteen nationally and internationally known theorists in sociology, this volume demonstrates an exciting new trend in sociological thinking. Each essay proposes a link between the two distinguishable traditions of sociological theory—the microscopic, which stresses the self and the inte

The Micro-Macro Link

📁 The Micro-Macro Link

✍ Jeffrey C. Alexander (Ed.), Bernhard Giesen (Ed.), Richard Münch (Ed.), Neil J. 📂 Library 📅 1987 🏛 University of California Press 🌐 English

The Micro-Macro Link

📁 The Micro-Macro Link

✍ Jeffrey C. Alexander (Ed.), Bernhard Giesen (Ed.), Richard Münch (Ed.), Neil J. 📂 Library 📅 1987 🏛 University of California Press 🌐 English