The behaviour of firms: an old debate

Ana Isabel Rosado Cubero ()

Iberian Journal of the History of Economic Thought, 2014, vol. 1, issue 2, 21-37

Abstract: The Harvard School began with the early Mason/Bain research about the performance of the firms to get market power. This proposal opened a different field of the neoclassical economic theory valid since Alfred Marshall, whereas the Chicago scholars continued with the traditional paradigm. Nowadays the three main issues of discussion between these two schools of economic thought are the same as those of the 30’s and 40’s: barriers of entry into an industry for the new incumbents, the production function and profits maximization and behaviour of the firms within their industry. This article updates these topics.

Keywords: History of economic thought; Harvard School; Chicago School; Firms behaviour.; Historia el pensamiento económico; Escuela de Harvard; Escuela de Chicago; Comportamiento de las empresas. (search for similar items in EconPapers)
JEL-codes: B21 D21 L10 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:ucm:ijohet:v:1:y:2014:i:2:p:21-37

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Dpto. Historia e Instituciones Económicas I. Facultad de CC. Económicas y Empresariales, Universidad Complutense de Madrid. Campus de Somosaguas. E-28223 Pozuelo de Alarcón (Madrid)

DOI: 10.5209/rev_IJHE.2014.v1.n2.47728

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