Revival: The Megacorp and Oligopoly: Micro Foundations of Macro Dynamics (1981)

Micro Foundations of Macro Dynamics

Alfred S. Eicher (Autor)

Buch | Softcover

380 Seiten

2019
Routledge (Verlag)
978-1-138-04525-5 (ISBN)

Artikel merken

This title was first published in 1976. This book provides both an explanation of the inflation which has bedeviled economic policy in the West since the end of World War II and a micro-economic theory to purge Keynesian models of the Walrasian strain derived from Marshall's Principles. By focusing on what is taken to be the representative business firm of the twentieth century - the large corporation or megacorp - the microeconomic model presented in the book reverses the usual assumptions of economic analysis. Instead of assuming the existence of firms with no control over prices, the book examines how the megacorp uses its pricing power to finance its own internal rate of growth. The result is a determinant model of how prices are set under the sort of oligopolistic conditions which prevail in most modern industries throughout the world.

Alfred S. Eicher taught at Columbia from 1962 until 1971. Later he taught at SUNY Purchase (1971-1980), and then joined the Rutgers University faculty.

1. Introduction 2. The nature of the megacorp 3. The pricing decision 4. Extensions of the basic model 5. The distribution of income 6. Micro and macro 7. Conventional policy instruments 8. Toward social control

Erscheinungsdatum	21.02.2019
Reihe/Serie	Routledge Revivals
Verlagsort	London
Sprache	englisch
Maße	156 x 234 mm
Gewicht	453 g
Themenwelt	Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
ISBN-10	1-138-04525-X / 113804525X
ISBN-13	978-1-138-04525-5 / 9781138045255
Zustand	Neuware