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Expectation, Enterprise and Profit: The Theory of the Firm - G. L. S. Shackle

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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 https://www.tradebit.com 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 https://www.tradebit.com 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 https://www.tradebit.coms book offers a concise treatment and excellent analysis of the major concepts studied in a first course in the theory of the firm.

Author: Shackle, G. L. S.
Publisher: Routledge
Illustration: N
Language: ENG
Title: Expectation, Enterprise and Profit: The Theory of the Firm
Pages: 00160 (Encrypted EPUB) / 00160 (Encrypted PDF)
On Sale: 2017-07-28
SKU-13/ISBN: 9780202309491
Lib Category: Microeconomics
Category: Business & Economics : Economics - Microeconomics


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