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The Neoclassical Theory of the Firm

Author

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  • Nina Shapiro
  • Nina Shapiro

    (Department of Economics Merrimack College North Andover, Ma. 01845)

Abstract

The focus of this essay is the treatment of the firm in neoclassical economics and, in particular, the possibility of such a treatment. Its critical result is the impossibility of introducing the firm into neoclassical thought and thus the necessity of transcending the confines of this thought for the construction of a theory of the firm. The last section of this essay turns to the Marxian tradition for a concept of the firm. The outlines of a Marxian treatment of the firm are pre sented as well as the key differences between this treatment and that of neoclas sical economics.

Suggested Citation

  • Nina Shapiro & Nina Shapiro, 1976. "The Neoclassical Theory of the Firm," Review of Radical Political Economics, Union for Radical Political Economics, vol. 8(4), pages 17-29, December.
  • Handle: RePEc:sae:reorpe:v:8:y:1976:i:4:p:17-29
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    Cited by:

    1. Jo, Tae-Hee, 2016. "A Heterodox Theory of the Business Enterprise," MPRA Paper 72426, University Library of Munich, Germany.

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