Enterprise Forms and Economic Efficiency

Capitalist, Cooperative and Government Firms

By Kazuhiko Mikami

© 2011 – Routledge

216 pages | 48 B/W Illus.

Purchasing Options:
Paperback: 9780415702959
pub: 2013-09-13
US Dollars$54.95
Hardback: 9780415610063
pub: 2011-07-01
US Dollars$160.00

About the Book

The book conducts a comparative study on the form of enterprise, focusing on broadly defined cooperative firms in comparison with conventional capitalist firms. It explores the essential advantages and disadvantages of the different types of firms and attempts to answer why capitalist firms are so prevalent in our economy.

The book attempts to explain these questions from the viewpoint of "market failure" in the framework of standard microeconomic theory. In this analytical framework, it proposes an alternative system of business organization based upon consumer cooperatives and the market for their memberships, which can coexist consistently with the system of capitalist firms and the stock market within a single market economy.

The existing studies of the cooperative sector have been rather ideological. The analytical framework that is presented in this book helps promote scientific exploration of cooperative and other types of firms, which are indispensable and potentially promising constituents of our society.

About the Author

Kazuhiko Mikami is a Professor of Economics at the University of Hyogo, Japan. His area of study ranges from economic systems to industrial organization and public economics. As a teacher, he has taught microeconomics and industrial organization.

About the Series

Routledge Studies in the Modern World Economy

In an increasingly interdependent world, many of the most important issues are driven by economic forces. This series applies newly developed economic techniques to some of the most pressing contemporary problems. The aim of the series is to demonstrate the relevance of modern economic theory to the modern world economy, and to provide key reading for researchers and policy-makers.

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Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Economics / General