The Macroeconomic Context in Historical Perspective: Exogenous and Endogenous Changes in Firms’ ‘Competitive Environment’

Fabrizio Traù
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Fabrizio Traù: Research Department of the Confederation of Italian Industries

Chapter 1 in Structural Macroeconomic Change and the Size Pattern of Manufacturing Firms, 2003, pp 7-28 from Palgrave Macmillan

Abstract: Abstract 1.1.1 Towards the end of the 1960s, J.K. Galbraith began his analysis of the working of the “New Industrial State” with the blunt remark that “the part of the economy… of which the most conspicuous manifestation is the modern big corporation … is the part… we identify with the modern industrial society … To understand the rest of the economy … is to understand very little” (Galbraith 1967, p. 9).1

Keywords: Real Interest Rate; Vertical Integration; Industrial System; Constant Prex; International Financial Statistics (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-4039-4395-8_2

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DOI: 10.1057/9781403943958_2

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