Zero Sum Society

James E. Sawyer
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James E. Sawyer: Seattle University

Chapter 8 in Why Reaganomics and Keynesian Economics Failed, 1987, pp 105-121 from Palgrave Macmillan

Abstract: Abstract The operating environment of the typical firm in the late twentieth century is very different from the prevailing environment described by Alfred Marshall nearly a century ago. Marshall wrote near the end of the industrial revolution, which transformed agricultural society during the nineteenth century into a society of manufacturers. The individual entrepreneur had not yet given way to the modern stock company. Research and product development mainly proceeded at the initiative of individuals, rather than large organizations. Management science as a discipline did not exist, and the hand of government was not ever-present in its attempts to redistribute or to improve market efficiency.

Keywords: Capital Asset; Total Profit; Fixed Asset; Neoclassical Theory; Typical Firm (search for similar items in EconPapers)
Date: 1987
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DOI: 10.1007/978-1-349-09497-4_8

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