The Neoclassical Theory of the Firm

Nina Shapiro and Nina Shapiro
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Nina Shapiro: Department of Economics Merrimack College North Andover, Ma. 01845

Review of Radical Political Economics, 1976, vol. 8, issue 4, 17-29

Abstract: The focus of this essay is the treatment of the firm in neoclassical economics and, in particular, the possibility of such a treatment. Its critical result is the impossibility of introducing the firm into neoclassical thought and thus the necessity of transcending the confines of this thought for the construction of a theory of the firm. The last section of this essay turns to the Marxian tradition for a concept of the firm. The outlines of a Marxian treatment of the firm are pre sented as well as the key differences between this treatment and that of neoclas sical economics.

Date: 1976
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Persistent link: https://EconPapers.repec.org/RePEc:sae:reorpe:v:8:y:1976:i:4:p:17-29

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