The Firm and Concentration

Sam Aaronovitch

Chapter Chapter 5 in Economics: An Anti-Text, 1977, pp 76-88 from Palgrave Macmillan

Abstract: Abstract Without any exception, giant firms dominate the key industrial and financial sectors of all advanced capitalist economies. They are increasingly multi-product and operate more and more on an international scale. They occupy themselves continually with the restructuring of their environment to meet their needs. These developments in turn raise serious questions about the economic, social and political power exerted by big business over these societies and the well-being of their peoples. Does the economic theory to be found in any conventional textbook of microeconomics prepare us for these developments and help us analyse their cause and consequence?

Keywords: Product Market; Capital Accumulation; Demand Curve; Technical Progress; Neoclassical Theory (search for similar items in EconPapers)
Date: 1977
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DOI: 10.1007/978-1-349-15751-8_5

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