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Firms, Strategies and Economic Change

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Firms, Strategies and Economic Change

Explorations in Austrian Economics

9781843768944 Edward Elgar Publishing
Fu-Lai Tony Yu, Professor and Head, Department of Economics and Finance, Hong Kong Shue Yan University, Hong Kong
Publication Date: 2005 ISBN: 978 1 84376 894 4 Extent: 192 pp
In Firms, Strategies and Economic Change, Fu-Lai Tony Yu acknowledges the shortcomings of contemporary research on industrial organisation and strategy, while proposing a novel subjectivist approach to economic and management problems.

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Contents
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In Firms, Strategies and Economic Change, Fu-Lai Tony Yu acknowledges the shortcomings of contemporary research on industrial organisation and strategy, while proposing a novel subjectivist approach to economic and management problems.

Based largely on the works of Max Weber, Alfred Schutz, Ludwig von Mises and Frank H. Knight, this book develops the subjective interpretation framework to promote better understanding of entrepreneurship, industrial organisation and strategy, vertical integration, innovation, consumer behaviour, business cycles and institutional change more fully. The author also presents a new interpretation on the economics of Frank H. Knight and sheds light on the history of subjectivist economics.

Adding new insights not only to economics but also to business, entrepreneurship and industrial organisation issues, this book will have a wide appeal to scholars of these areas as well as Austrian economists.
Critical Acclaim
‘. . . the reader seeking an overview of Austrian contributions to organizational economics and strategy will find much of value in this book.’
– Peter G. Klein, The Quarterly Journal of Austrian Economics
Contents
Contents: Preface Foreword Part I: Subjectivism, Entrepreneurship and the Market Process 1. An Austrian Approach to Economic and Management Problems 2. The Subjectivist Economics of Frank H. Knight Part II: The Nature of the Firm: Uncertainty, Entrepreneurship and Coordination 3. Entrepreneurship, Plan and the Structure of the Firm 4. Uncertainty, Entrepreneurial Judgment and the Knightian Firm Part III: Business Strategies 5. Small Business Dynamics 6. Innovation and Coordination 7. Consumer Demand and Firm Strategy Part IV: Economic Change 8. Errors and the Business Cycle 9. Entrepreneurship and Institutional Change References Index
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