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Systems and Structure

In: The Evolving Firm

Author

Listed:
  • Neil M. Kay

Abstract

As emphasised in Chapter 1, this work is concerned with the way we look at economic behaviour. In this respect, generations of novel developments in economic theory building have developed an ability to portray and interpret the world in an impressive variety of perspectives. The theory of the firm is one arena in which the near gymnastic agility of economic analysis has been well exercised. Assuming adequate data, a microeconomist should be capable of analysing a given market or industry using perfect competition, monopolistic competition, monopoly, oligopoly1 utility maximising, sales revenue maximising, behavioural, M-Form and X-efficiency theories of the firm. The result is the theory of the firm has developed a decathlete’s all round facility for dealing with empirical exercises.

Suggested Citation

  • Neil M. Kay, 1982. "Systems and Structure," Palgrave Macmillan Books, in: The Evolving Firm, chapter 2, pages 11-29, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-06112-9_2
    DOI: 10.1007/978-1-349-06112-9_2
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