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The Resource Full industry equilibrium : a theory of the industrial long run, Arrigo Opocher and Ian Steedman

Full industry equilibrium : a theory of the industrial long run, Arrigo Opocher and Ian Steedman

Label
Full industry equilibrium : a theory of the industrial long run
Title
Full industry equilibrium
Title remainder
a theory of the industrial long run
Statement of responsibility
Arrigo Opocher and Ian Steedman
Creator
Contributor
Author
Subject
Language
eng
Summary
This highly original book develops a systematic zero-net-profit comparative statics theory of the firm that challenges many widely held views in microeconomics. It builds a bridge between the marginalist long-run theory of the firm and Sraffian theory to create a unified theoretical framework that explains how firms react to exogenous shocks resulting in new equilibrium positions of the whole economy. The central message of the book is that too often economists expect more from the microeconomic laws of input demand and output supply than they can really give. The authors show that the zero-net-profit condition requires a more articulated analysis that sometimes yields qualitative results contrary to those of familiar economic laws. Written for academic researchers and graduate students, the book will be of particular interest to those working on the microeconomics of industry equilibrium, comparative statics and Sraffian economics.--
Assigning source
Provided by publisher
Cataloging source
DLC
http://library.link/vocab/creatorName
Opocher, Arrigo
Dewey number
658.4012
Index
index present
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/relatedWorkOrContributorName
Steedman, Ian
http://library.link/vocab/subjectName
  • Production (Economic theory)
  • Microeconomics
  • Managerial economics
Label
Full industry equilibrium : a theory of the industrial long run, Arrigo Opocher and Ian Steedman
Instantiates
Publication
Bibliography note
Includes bibliographical references (pages 201-208) and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent.
Contents
Introduction -- 1. Taking seriously the tendency to zero net profits -- 2. An isolated industry -- 3. Multiproduct firm -- 4. Interdependent industries -- 5. Industry-level input use. Some aftershocks from capital theory -- 6. The 'autonomous' components of input prices -- 7. The effects of taxation -- 8. Productivity increase -- 9. Full industry equilibrium in retrospect -- 10. Conclusion
Control code
FIEb17712713
Dimensions
24 cm.
Extent
xvi, 215 pages
Isbn
9781107097797
Media category
unmediated
Media MARC source
rdamedia.
Media type code
  • n
System control number
(OCoLC)909537876
Label
Full industry equilibrium : a theory of the industrial long run, Arrigo Opocher and Ian Steedman
Publication
Bibliography note
Includes bibliographical references (pages 201-208) and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent.
Contents
Introduction -- 1. Taking seriously the tendency to zero net profits -- 2. An isolated industry -- 3. Multiproduct firm -- 4. Interdependent industries -- 5. Industry-level input use. Some aftershocks from capital theory -- 6. The 'autonomous' components of input prices -- 7. The effects of taxation -- 8. Productivity increase -- 9. Full industry equilibrium in retrospect -- 10. Conclusion
Control code
FIEb17712713
Dimensions
24 cm.
Extent
xvi, 215 pages
Isbn
9781107097797
Media category
unmediated
Media MARC source
rdamedia.
Media type code
  • n
System control number
(OCoLC)909537876

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