Transaction Cost Economics and Beyond: Towards a New Economics of the Firm

Přední strana obálky
Psychology Press, 1994 - Počet stran: 214
Transaction cost economics have come to dominate discussions about the nature of the firm. In this critical analysis of the transaction cost paradigm, Michael Dietrich argues that whilst it offers some vital insights, the transaction cost approach is an inadequate basis for a general theory of the firm. Beginning with an overview of transaction costs, it outlines both the advantages and the disadvantages of the approach. Assuming that the organization of the firm is static, transaction cost economics is least effective in explaining the dynamic aspects of firms' behaviour. However, rather than rejecting the whole approach on these grounds, Michael Dietrich looks at ways in which the theory can be enlarged and its explanatory power increased. Considering such recent innovations as total quality control and just-in-time management the book presents a vision of the firm in which decision making can be both hierarchical and creative. The implications of this for business policy are assessed.
 

Obsah

the background
13
A GENERAL FRAMEWORK
31
the boundaries of the firm
49
RELATED INTEGRATION AND THE FIRM
67
UNRELATED INTEGRATION AND THE FIRM
85
QUASIINTEGRATION AND THE FIRM
100
THE FIRM AND ECONOMIC THEORY
119
THE FIRM AS A SYSTEM
137
ECONOMIC POLICY AND THE FIRM
156
CONCLUSIONS
174
Autorská práva

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O autorovi (1994)

Michael Dietrich lectures in economics and business policy at Sheffield University Management School. He has published papers and articles in areas such as the organisation of the firm and corporate restructuring in Europe. He is joint editor (with Ash Amin) of Towards a new Europe?

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