The economic theory of costs : foundations and new directions / edited by Matthew McCaffrey.

Format:

Book

Contributor:

McCaffrey, Matthew, editor.

Series:

Routledge frontiers of political economy ; 236.

Routledge frontiers of political economy ; 236

Language:

English

Subjects (All):

Cost.

Transaction costs.

Value.

Physical Description:

xiv, 270 pages ; 24 cm.

Place of Publication:

Abingdon, Oxon ; New York, NY : Routledge, an imprint of the Taylor & Francis Group, 2018.

Contents:

Introduction: the economic theory of costs in perspective / Matthew McCaffrey

Part 1. Cost and choice

Contemporary debates on opportunity cost theory and pedagogy / Jonathan Newman

The "income effect" in causal-realist price theory / Joseph T. Salerno

Part 2. The evolution of causal-realist production theory

From Marshallian partial equilibrium to Austrian general equilibrium: the evolution of Rothbard's production theory / Patrick Newman

Man, economy, and state, original chapter 5: producer's activity / Murray N. Rothbard

Part 3. Risk, uncertainty, and cost

The myth of the risk premium / Jörg Guido Hülsmann

Time and the theory of cost / Jeffrey M. Herbener

Part 4. Causal-realist price theory: debate and synthesis

Monopsony theory revisited / Xavier Méra

Costs and pricing: an Austro-Post-Keynesian synthesis? / Mateusz Machaj

Part 5. Economic organization, entrepreneurship, and the firm

Austrian economics and transaction cost economics: notes on a doubtful compatibility / Mihai-Vladimir Topan

Management is what's wrong with socialism: cost at the expense of value / Per L. Bylund

Economic calculation and the limits of social entrepreneurship / Matthew McCaffrey.

Notes:

Includes bibliographical references and index.

ISBN:

9781138670938

1138670936

OCLC:

1000150446