Industrial economics: issues and perspectives

By:

Ferguson, Paul R

Material type: Text

TextPublication details: London; Macmillan Education; 1988Description: 216 pISBN:

333427122

Subject(s):

Industrial organization

DDC classification:

338 FER

Summary: Industrial economics has reached a crossroads in its development; the established approach, based on the neoclassical theory of the firm, is now being challenged by a variety of ideas and concepts. Paramount among these are transaction costs, public choice theory and the work of the Austrian School. These developments have so far failed to find their way into industrial economics texts, but they have important contributions to make. Industrial Economics: Issues and Perspectives integrates these new approaches alongside a critical exposition of traditional theory. The issues discussed include those which traditional analysis has always found difficult to accommodate, such as innovation and advertising; topical problems, such as privatisation and de industrialisation; and areas of particular importance for policy formulation, such as monopoly.

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Holdings
Item type	Current library	Call number	Status	Date due	Barcode	Item holds
Books	Gandhi Smriti Library	338 FER (Browse shelf(Opens below))	Available		43093

Total holds: 0

Industrial economics has reached a crossroads in its development; the established approach, based on the neoclassical theory of the firm, is now being challenged by a variety of ideas and concepts. Paramount among these are transaction costs, public choice theory and the work of the Austrian School.

These developments have so far failed to find their way into industrial economics texts, but they have important contributions to make. Industrial Economics: Issues and Perspectives integrates these new approaches alongside a critical exposition of traditional theory. The issues discussed include those which traditional analysis has always found difficult to accommodate, such as innovation and advertising; topical problems, such as privatisation and de industrialisation; and areas of particular importance for policy formulation, such as monopoly.

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