1st Edition
Expectation, Enterprise and Profit The Theory of the Firm
By G. L. S. Shackle
Copyright 1970
156 Pages
by
Routledge
156 Pages
by
Routledge
160 Pages
by
Routledge
Also available as eBook on:
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 consumer. The success of such an enterprise system rests on the durability of the... Read more
Preface; 1: The Nature of Production; 2: The Matrix of Production; 3: The Firm’s Tests of Rightness; 4: Investment; 5: Expectation; 6: Interdependent Decision-making; 7: Profit and Equilibrium
Biography
G. L. S. Shackle
