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John Kenneth Galbraith and the Theory of the Firm

In: Handbook on the Economics and Theory of the Firm

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  • Stephen P. Dunn

Abstract

This unique Handbook explores both the economics of the firm and the theory of the firm, two areas which are traditionally treated separately in the literature. On the one hand, the former refers to the structure, organization and boundaries of the firm, while the latter is devoted to the analysis of behaviours and strategies in particular market contexts. The novel concept underpinning this authoritative volume is that these two areas closely interact, and that a framework must be articulated in order to illustrate how linkages can be created.

Suggested Citation

  • Stephen P. Dunn, 2012. "John Kenneth Galbraith and the Theory of the Firm," Chapters, in: Michael Dietrich & Jackie Krafft (ed.), Handbook on the Economics and Theory of the Firm, chapter 8, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:13623_8
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    File URL: https://www.elgaronline.com/view/9781848446489.00015.xml
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    References listed on IDEAS

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    1. Foss, Nicolai Juul, 1994. "The Theory of the Firm: The Austrians as Precursors and Critics of Contemporary Theory," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 7(1), pages 31-65.
    2. Stephen P. Dunn, 2001. "Bounded Rationality Is Not Fundamental Uncertainty: A Post Keynesian Perspective," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 23(4), pages 567-587, July.
    3. Dunn,Stephen P., 2012. "The Economics of John Kenneth Galbraith," Cambridge Books, Cambridge University Press, number 9781107404489.
    4. Stephen P. Dunn, 2001. "Uncertainty, Strategic Decision‐making and the Essence of the Modern Corporation: Extending Cowling and Sugden," Manchester School, University of Manchester, vol. 69(1), pages 31-41, January.
    5. Joskow, Paul L, 1985. "Vertical Integration and Long-term Contracts: The Case of Coal-burning Electric Generating Plants," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 1(1), pages 33-80, Spring.
    6. Joskow, Paul L, 1988. "Asset Specificity and the Structure of Vertical Relationships: Empirical Evidence," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 4(1), pages 95-117, Spring.
    7. Scott Gordon, 1968. "The Close of the Galbraithian System," Journal of Political Economy, University of Chicago Press, vol. 76(4), pages 635-635.
    8. Michael Dietrich & Jackie Krafft (ed.), 2012. "Handbook on the Economics and Theory of the Firm," Books, Edward Elgar Publishing, number 13623.
    9. Michael Dietrich & Jackie Krafft, 2012. "Handbook on the Economics and Theory of the Firm," Post-Print halshs-01378625, HAL.
    10. G. B. Richardson, 1964. "The Limits To A Firm'S Rate Of Growth," Oxford Economic Papers, Oxford University Press, vol. 16(1), pages 9-23.
    11. Davidson, Paul, 1972. "Money and the Real World," Economic Journal, Royal Economic Society, vol. 82(325), pages 101-115, March.
    12. Cowling, Keith & Sugden, Roger, 1998. "Strategic Trade Policy Reconsidered: National Rivalry vs Free Trade vs International Cooperation," Kyklos, Wiley Blackwell, vol. 51(3), pages 339-357.
    13. Gatignon, Hubert & Anderson, Erin, 1988. "The Multinational Corporation's Degree of Control over Foreign Subsidiaries: An Empirical Test of a Transaction Cost Explanation," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 4(2), pages 305-336, Fall.
    14. Herbert A. Simon, 1955. "A Behavioral Model of Rational Choice," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 69(1), pages 99-118.
    15. Gordon, Scott, 1969. ""The Galbraithian System"-Rejoinder," Journal of Political Economy, University of Chicago Press, vol. 77(6), pages 953-956, Nov./Dec..
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    19. Joskow, Paul L, 1987. "Contract Duration and Relationship-Specific Investments: Empirical Evidence from Coal Markets," American Economic Review, American Economic Association, vol. 77(1), pages 168-185, March.
    20. Cowling, Keith & Sugden, Roger, 1998. "The Essence of the Modern Corporation: Markets, Strategic Decision-Making and the Theory of the Firm," The Manchester School of Economic & Social Studies, University of Manchester, vol. 66(1), pages 59-86, January.
    21. Simon, Herbert A, 1979. "Rational Decision Making in Business Organizations," American Economic Review, American Economic Association, vol. 69(4), pages 493-513, September.
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    24. Stephen P. Dunn, 2002. "A Post Keynsian approach to the theory of the firm," Chapters, in: Shelia C. Dow (ed.), Keynes, Uncertainty and the Global Economy, chapter 5, Edward Elgar Publishing.
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    Cited by:

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