Assessing Private Enterprise: An Exegesis of Tangled Doctrine
AbstractThis paper proposes that the twin theorems of welfare economics provide an insubstantial basis for the faith of many economists that private enterprise is a good way of organizing production. Most economists implicitly recognize this. A reading of the literature in advocacy of private enterprise suggests that administrative parsimony, responsiveness, and innovativeness often are ascribed as virtues of the enterprise form of economic organization. The argument that private enterprise has these virtues has, however, no basis in orthodox microeconomic theory. This essay is concerned with considering arguments for those alleged virtues, and sketching some of the theoretical and empirical questions that are opened when these are scrutinized.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by The RAND Corporation in its journal Bell Journal of Economics.
Volume (Year): 12 (1981)
Issue (Month): 1 (Spring)
Contact details of provider:
Web page: http://www.rje.org
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- David Audretsch & Roy Thurik, 0000. "Sources of Growth," Tinbergen Institute Discussion Papers 97-109/3, Tinbergen Institute.
- repec:dgr:uvatin:0000109 is not listed on IDEAS
- Mark Blaug, 2001. "Is Competition Such a Good Thing? Static Efficiency versus Dynamic Efficiency," Review of Industrial Organization, Springer, vol. 19(1), pages 37-48, August.
- repec:dgr:uvatin:2097109 is not listed on IDEAS
- Radislav JovoviÄ‡, 2005. "The Distincs Differences Between Old And Emerging Economy," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 1(1), pages 139-150.
- Audretsch, D.B. & Thurik, A.R., 2000. "What's New About the New Economy? Sources of growth in the managed and entrepreneurial economies," Research Paper ERS-2000-45-STR, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus Uni.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().
If references are entirely missing, you can add them using this form.