This book investigates the growth of an economy with management-controlled corporations. It begins by studying the behaviour of a corporation whose management maximizes the rate of growth constrained by the threat of takeover, and in which research and development efforts are made to raise labour productivity. The growth of an economy consisting of a limited number of such corporations is then analysed. In this economy the stocks of corporations are the sole means of wealth-holding available to households. This theory is ...
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This book investigates the growth of an economy with management-controlled corporations. It begins by studying the behaviour of a corporation whose management maximizes the rate of growth constrained by the threat of takeover, and in which research and development efforts are made to raise labour productivity. The growth of an economy consisting of a limited number of such corporations is then analysed. In this economy the stocks of corporations are the sole means of wealth-holding available to households. This theory is compared with other well-established growth theories, and some extensions of the basic theory, including policy implications, are also presented. The book contains many important innovative features: the combination of micro- and macro-economic analyses, the consideration of research and development activity, and the role of corporate stocks in economic growth. These features contribute to the major conclusion that the behaviour of management - a product of its preferences and of its environment - is an important factor in economic growth. Applying this conclusion to compare corporate growth in Japan and the United States, the author finds that the Japanese business environment makes management pursue corporate growth more vigourously than in the United States.
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Add this copy of The Theory of Growth in a Corporate Economy to cart. $24.00, very good condition, Sold by Jonathan Grobe Books rated 5.0 out of 5 stars, ships from Deep River, IA, UNITED STATES, published 1981 by Cambridge Univ.
Add this copy of The Theory of Growth in a Corporate Economy: Management to cart. $28.01, good condition, Sold by Anybook rated 4.0 out of 5 stars, ships from Lincoln, UNITED KINGDOM, published 1981 by Cambridge University Press.
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Seller's Description:
This is an ex-library book and may have the usual library/used-book markings inside. This book has hardback covers. With usual stamps and markings, In good all round condition. Dust jacket in good condition. Please note the Image in this listing is a stock photo and may not match the covers of the actual item, 600grams, ISBN: 0521231329.
