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005 | 20220604164022.0 | ||
008 | 200202s9999 xx 000 0 und d | ||
020 | _a333427122 | ||
082 | _a338 FER | ||
100 | _aFerguson, Paul R. | ||
245 | 0 | _aIndustrial economics: issues and perspectives | |
260 | _aLondon | ||
260 | _bMacmillan Education | ||
260 | _c1988 | ||
300 | _a216 p. | ||
520 | _aIndustrial 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. | ||
650 | _aIndustrial organization | ||
942 |
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