This is a study of how entrepreneurs and markets co-allocate resources in a competitive economy. It begins by surveying the relevant literature and then integrates the well-known ideas into a general analytical framework. It shows how both profit-making and non profit-making firms are characterized as coalitions of entrepreneurs, which cooperatively channel their own services into production, and how the firms, together with other agents, act competitively in the market to conduct exchange activities. In this way, it is argued, the entrepreneur and the market guide all available resources into their employments. The book is aimed at all professional economists and social scientists and also at inquisitive undergraduates and lay persons.
- ISBN10 1557860289
- ISBN13 9781557860286
- Publish Date 21 September 1989
- Publish Status Out of Print
- Out of Print 4 December 1992
- Publish Country GB
- Publisher John Wiley and Sons Ltd
- Imprint Blackwell Publishers
- Format Hardcover
- Pages 554
- Language English