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Bibliographic Details

Title: The Economics of Business Enterprise: An Introduction to Economic Organisation and the Theory of the Firm, Third Edition
Publisher: Edward Elgar Publishing
Publication Date: 2002
Language: English
ISBN 10: 1840649054
ISBN 13: 9781840649055
Binding: Softcover
Edition: 3rd Edition
Condition: Tr�s bon

About this title

Synopsis

To own or not to own? To make or to buy? To franchise or to manage? To contract long or to contract short? To trust or not to trust? To license or not to license? These and other questions are the subject matter of this excellent introduction to the theory of economic organisation.

This fully updated edition of Martin Ricketts's 1987 book includes:

New developments in the property rights theory of the firm
Further extended treatment of co-operative and mutual forms of enterprise
Entirely new sections on transactions cost economics and public policy
New chapters on the economics of privatisation and the regulation of 'natural monopoly'.

In addition, transaction cost, property rights and agency approaches are contrasted, and Austrian and evolutionary criticisms of standard theory are explored. The author applies these theories to a wide range of questions from the choice of piece rates or time rates in contracting to the debate on Anglo-American versus other 'varieties of capitalism'. Public policy in the fields of regulation and privatisation is also considered using the same framework.

Non-specialists will find this book to be an accessible introduction to the main theoretical approaches to economic organisation. Students and researchers specialising in the fields of economics and business will find that this third, updated edition of The Economics of Business Enterprise continues to provide stimulating insights suggestive of further research.

About the Author

Martin Ricketts, Professor of Economic Organisation, University of Buckingham, UK

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