IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-17812-4_6.html
   My bibliography  Save this book chapter

The Firm in the National Economy

In: Economics for Managers

Author

Listed:
  • Phillip Crowson

Abstract

Previous chapters have been primarily concerned with those economic influences acting within, or directly on, individual firms. This chapter, and the remainder, deal with the wider aspects of the economic environment; with macroeconomics as opposed to microeconomics. An ideal starting point for considering this wider economic world is the national income and the national accounts. First, however, a brief digression is useful on the economic objectives pursued by governments and to which individual firms must adapt. All post-war governments have chased certain objectives with varying emphasis and success. Often there is some confusion between objectives and means, and there are usually conflicts of varying severity between some of the objectives. Inevitably a compromise is reached, but the elements of this compromise vary according to circumstances and the political complexion of the government. Some objectives, such as the maintenance of a fixed and stable exchange rate, were ditched in the 1970s. The main aims on which all parties were agreed until the late 1970s are the maintenance of a high and stable level of employment, with the concomitant obligation to low unemployment, the avoidance of serious domestic inflation, and the fostering of conditions ‘in which the nation can, if it so wills, realise its full potentialities for growth in terms of production and living standards’ (Cmnd 9725, 1956).

Suggested Citation

  • Phillip Crowson, 1985. "The Firm in the National Economy," Palgrave Macmillan Books, in: Economics for Managers, chapter 6, pages 108-140, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-17812-4_6
    DOI: 10.1007/978-1-349-17812-4_6
    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:978-1-349-17812-4_6. 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.