Business & Economics Books:

Market and Non-Market Hierarchies

Theory of Institutional Failure



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Market and Non-Market Hierarchies by Christos N. Pitelis
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Everything you ever wanted to know about growing grapes Market and Non-market Hierarchies: Theory of Institutional Failure examines capitalism's three major institutions: the market, the firm, and the state. Plumbing the depths of history and surfacing in the modern era, this book offers the unique perspective of analysis through the lens of Marxian theories of capitalist crisis alongside a comparison of major micro- and macroeconomic theories of failure. Comprehensive in scope, the discussion tracks the evolution of the firm and explores the capitalist state as a preface to a theory of institutional failure based on transaction cost economizing.
Release date NZ
July 28th, 1993
Country of Publication
United Kingdom
notes, references, index
Blackwell Publishers
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