IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-12535-7_13.html
   My bibliography  Save this book chapter

Are the Decisions of Firms Autonomous? A Problematic Note

In: Monetary Theory and Thought

Author

Listed:
  • Edmond Malinvaud

Abstract

In the late 1950s and the 1960s Money, Interest, and Prices (MIP) was read by many as the basic book in macroeconomics, whereas others were studying it for understanding monetary theory. I believe it is appropriate on this occasion to consider a question concerning the main structure used in the macroeconomic part of the book, and more generally in standard macroeconomic theory, in order to represent the economic system. This structure, given at the beginning of Part 2, identifies four markets (labour services, commodities, bonds and money) and three agents: households, firms and government. The interdependence between agents is limited to their market relations and to such institutional features as the existence of a tax system. Except for that, each agent has an autonomous behaviour.

Suggested Citation

  • Edmond Malinvaud, 1993. "Are the Decisions of Firms Autonomous? A Problematic Note," Palgrave Macmillan Books, in: Haim Barkai & Stanley Fischer & Nissan Liviatan (ed.), Monetary Theory and Thought, chapter 13, pages 284-295, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-12535-7_13
    DOI: 10.1007/978-1-349-12535-7_13
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-12535-7_13. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.