Economic organization, capabilities and co-ordination : essays in honour of G.B. Richardson / edited by Nicolai J. Foss and Brian J. Loasby.

Format:

Book

Contributor:

Foss, Nicolai J., 1964-

Loasby, Brian J.

Richardson, G. B.

Series:

Routledge Studies in Business Organizations and Networks

Routledge studies in business organization and networks ; 8

Language:

English

Subjects (All):

Richardson, G. B.

Competition--Congresses.

Competition.

Investments--Congresses.

Investments.

Uncertainty--Congresses.

Uncertainty.

Equilibrium (Economics)--Congresses.

Equilibrium (Economics).

Prices--Congresses.

Prices.

Capitalism--Congresses.

Capitalism.

Physical Description:

1 online resource (311 p.)

Edition:

1st edition

Place of Publication:

London ; New York : Routledge, 1998.

Language Note:

English

System Details:

text file

Summary:

The work of G.B. Richardson has given insights into key issues and debates such as markets versus hierarchies, price stability, the economics of information and the concept of competition based upon differentiated firms.This collection encourages further development of Richardson's themes. It will make excellent reading for students looking at the capability or competence approach to the firm, and for all those wishing to familiarise themselves with the work of this important economist.

Contents:

Cover; ECONOMIC ORGANIZATION, CAPABILITIES AND CO-ORDINATION; Copyright; CONTENTS; ILLUSTRATIONS; NOTES ON CONTRIBUTORS; 1 INTRODUCTION: Co-ordination and capabilities; 2 GEORGE RICHARDSON'S CAREER AND THE LITERATURE OF ECONOMICS; INTRODUCTION; RICHARDSON'S PATH TO ECONOMICS; THE RESEARCH CO-ORDINATION PROBLEM; THE LIMITED IMPACT OF RICHARDSON 'S WORK; WAS DEBREU THE CAUSE OF INFORMATION AND INVESTMENT'S FAILURE TO TAKE OFF IN THE 1960s?; NETWORKS, INSTITUTIONS AND ACADEMIC SEARCH PROCESSES; CONCLUSION; 3 SOME PRINCIPLES OF ECONOMIC ORGANISATION; THE NEED FOR CO-ORDINATION; THE INVISIBLE HAND

A CARDINAL PRINCIPLE OF ECONOMIC ORGANISATIONTHE NEED FOR CO-OPERATION; THE NEED FOR DIRECTION; DIRECTION: ITS SCOPE AND LIMITS; THE FIRM AS A MICRO ECONOMY; PRICING WITHIN A FIRM; COMMUNICATIONS, SCALE AND STRUCTURE; A SUMMARY OF THE ARGUMENT SO FAR; THE COSTS OF CONSOLIDATION; OTHER FUNCTIONS OF THE FIRM; 4 CO-OPERATION AND COMPETITION PARADOXES IN THE THEORY OF THE ORGANISATION OF INDUSTRY; INTRODUCTION; INFORMATION, KNOWLEDGE AND INDUSTRIAL CO-ORDINATION; THE NATURE OF THE FIRM AND THE PARADOX OF CO-OPERATION; THE NATURE OF INDUSTRY AND THE PARADOX OF COMPETITION; CONCLUSION

5 MARSHALL, ANDREWS AND RICHARDSON ON MARKETS: An interpretationINTRODUCTION; GENERAL ECONOMIC EQUILIBRIUM: AGENTS AND MARKETS; AGENTS AND MARKETS IN A MARSHALLIAN PERSPECTIVE; INDIVIDUAL AGENTS IN ANDREWS AND RICHARDSON; GLOBAL MARKETS IN ANDREWS AND RICHARDSON; CONCLUSION; 6 INFORMATION AND INVESTMENT IN A WIDER CONTEXT; INTRODUCTION; RICHARDSON'S CRITICISM OF GENERAL EQUILIBRIUM; THE ORIGINS OF THE PROBLEM OF KNOWLEDGE; ATTEMPTS TO MEND THE MODEL: THE MARSHALLIAN ELEMENTS; THE DEFENCE OF CARTELISATION; THE PLANNED ECONOMY; CONSIDERATIONS FROM THE WIDER LITERATURE; CONCLUSION

7 INFORMATION AND CO-ORDINATION IN AN EFFECTIVE COMPETITIVE PROCESS: Downie's evolutionary model as a means of resolving Richardson's problem with competition in the context of post-Marshallian economicsINTRODUCTION; DOWNIE'S POPULATION ECOLOGY OF THE INDUSTRY; RICHARDSON'S COMPETITIVE PROCESS; AN ALTERNATIVE WELFARE ECONOMICS; CONCLUSION; 8 AUSTRIAN AND POST-MARSHALLIAN ECONOMICS: The bridging work of George Richardson; INTRODUCTION; MARSHALL, THE POST-MARSHALLIANS AND AUSTRIAN ECONOMICS; GEORGE RICHARDSON: MARSHALLIAN ANSWERS TO AUSTRIAN PROBLEMS

AUSTRIAN AND POST-MARSHALLIAN ECONOMICS: THE THEORY OF THE FIRMCONCLUSION; 9 THE CONCEPT OF CAPABILITIES; INTRODUCTION; THE DIVISION OF LABOUR AND THE ORGANISATION OF KNOWLEDGE; DIRECT 'KNOWLEDGE HOW'; INDIRECT 'KNOWLEDGE HOW'; COMPETITIVE ADVANTAGE; CAPABILITIES IN DECISION-MAKING; THE EVOLUTION OF CAPABILITIES; 10 CAPABILITIES AND THE THEORY OF THE FIRM; INTRODUCTION; PRODUCTION COSTS I : PIGOVIAN PRICE THEORY; TRANSACTION COSTS; MODERN TRANSACTION-COST THEORY; PRODUCTION COSTS REDUX: CAPABILITIES; 11 INFORMATION COSTS AND THE ORGANISATIONAL STRUCTURE OF THE MULTINATIONAL ENTERPRISE

INTRODUCTION

Notes:

"Drawn from a recent colloquium held in his honour, the papers in this volume tie in with the themes central in G.B. Richardson's work."

Includes bibliographical references and index.

ISBN:

9781134689781

1134689780

9780415862660

0415862663

9780203769928

0203769929

OCLC:

852757678