Anti-Dismal

We will examine the opportunities that were taken and those that were missed in the development of the mainstream economic theory of the fir...

Depending on how you pick your starting point there has been, roughly, 50 or 100 years of the mainstream economic theory of the firm. In sup...

 J. B. Condliffe has pointed out that  "[ ... ] economic activity and thoughts about it are as old a mankind'' (Condliffe 1974:...

Or, (almost) everything you wanted to know about the history of the theory of production/the firm: but were afraid (too bored) to ask This p...

One important, and at times controversial, assumption used in most theories of the firm, including that of Coase, but not discussed by Coase...

(Almost) Everything You Wanted To Know About The History of The Theory of Production/the Firm: But Were Afr... by Paul Walker on Scribd

(Almost) Everything You Wanted to Know About the History of the Theory of Production/the Firm: But Were Afr... by Paul Walker on Scribd

 

 

To me, it appears there is a lack of engagement with the theory of the firm by historians of economic thought. Evidence for this lack of int...

An interesting detail. Spulber (2008: 5, footnote 8) gives the origin of the word 'firm' as "[t]he word "firm" derive...

One assumption not discussed much in the mainstream theory of the firm is that of profit maximisation. Most theories of the firm take it as ...

My latest book is finally published!! The publisher's page for the book is here. Foundations of Organisational Economics: Histories an...

This is a revised edition of Walker (2017). New sections or subsections have been added on the X-inefficiency model, the division of labour ...