Capital and Uncertainty

Runge Ian C.

ISBN 10: 1840642882 / ISBN 13: 9781840642889

Published by Edward Elgar Publishing Limited, 2000

About this Item

pp. ix + 212 Illus. Seller Inventory # 95064967

Bibliographic Details

Title: Capital and Uncertainty

Publisher: Edward Elgar Publishing Limited

Publication Date: 2000

Binding: Hardcover

Condition: New

About this title

Synopsis:

This book is an important addition to the emerging body of new work on capital. Its primary contribution is in analysing capital investment choice as a process. The understanding of this process requires some modification and significant extension to the standard neo-classical economic tools.

Capital and Uncertainty is a non-mathematical text, modernizing and adding to the existing thought in this area, with insights from game theory, rational choice under uncertainty and new institutional economics. Dr Runge also draws upon 25 years of business experience in setting out a thorough and immensely practical exposition of the risk/return trade-off and how major capital investment decisions are made within firms.

Topics studied include:

• the nature of capital investment decisions
• entrepreneurship and the market order
• capital investment choice processes
• capital investment models
• capital decisions: choices between strategies

Economists, industrial organisation specialists, business academics and practitioners alike will all find this book of immense interest and use.

About the Author:

Ian Runge, Director, Capital Strategy Pty Ltd, Brisbane, Australia