Overview
In its Fourth Edition, this textbook explores how economic activity is organised from a new institutional economics perspective. Using transactions costs as a continuing theme, the book delivers the necessary skills to understand the evolution of organisational forms and the strengths and weaknesses of different varieties of private and public governance. The importance of entrepreneurship is emphasised throughout. Public policy concerning competition, regulation and the public utilities is used to illustrate the involvement of subjective judgements about transactions costs in all types of organisational choice. Key features of the Fourth Edition: • Using impartial analysis, Martin Ricketts evaluates business enterprise through Neoclassical, Austrian and Evolutionary economics, allowing students to learn the strengths and weaknesses of each methodological perspective• Using a clear conceptual framework, the author explains principal-agent theory and the transaction cost paradigm in detail• The chapters are designed around a set of classic papers, giving students an understanding of the historical development of the discipline• Updated examples emphasise the applicability to different technological circumstances and the dynamic nature of studying economic organisation• Additional examples are included for teachers to further discussion or create extended seminar work. A key resource for advanced undergraduate courses or an excellent introductory text at graduate level, this Fourth Edition will provide students of economics, business and political economy with a greater awareness of how business enterprises operate and adapt in response to technological change and competition.
Full Product Details
Author: Martin Ricketts
Publisher: Edward Elgar Publishing Ltd
Imprint: Edward Elgar Publishing Ltd
Edition: 4th edition
Dimensions:
Width: 16.90cm
, Height: 4.20cm
, Length: 24.40cm
Weight: 1.314kg
ISBN: 9781785360923
ISBN 10: 1785360922
Pages: 680
Publication Date: 25 January 2019
Audience:
College/higher education
,
Tertiary & Higher Education
Format: Hardback
Publisher's Status: Active
Availability: To order
Stock availability from the supplier is unknown. We will order it for you and ship this item to you once it is received by us.
Reviews
`Comprehensive, exceptionally well organized, and expertly presented, The Economics of Business Enterprise: An Introduction to Economic Organisation and the Theory of the Firm is an ideal and highly recommended curriculum textbook.' -- Michael J. Carson, Midwest Book Review Acclaim for previous Edition: `This is a most enlightening book written in a most accessible style, with periodic in-depth treatment of theoretical propositions . . . Students studying a variety of economics and business related courses could find this book invaluable.' -- David Gray, International Journal of Entrepreneurship and Innovation
Acclaim for previous edition: `This is a most enlightening book written in a most accessible style, with periodic in-depth treatment of theoretical propositions . . . Students studying a variety of economics and business related courses could find this book invaluable.' -- David Gray, International Journal of Entrepreneurship and Innovation
Author Information
Martin Ricketts, Professor of Economic Organisation, University of Buckingham, UK
