Toward an Understanding of Keen and Standish's Theory of the Firm: A Comment
World Economic Review, 2015, vol. 2015, issue 5, 107
In a series of papers, Steve Keen and Russell Standish criticize the textbook approaches to firm behavior under conditions of perfect and imperfect competition. These papers misstate the assumptions underlying the models and err in mathematics. The critiques do not follow through on their theoretical arguments, and do not explain what drives the results of their computer simulations. Consequently, their contributions confuse rather than clarify understanding of firm behavior.
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
http://wer.worldeconomicsassociation.org/papers/to ... -the-firm-a-comment/ (text/html)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:wea:worler:v:2015:y:2015:i:5:p:107
Access Statistics for this article
World Economic Review is currently edited by Kyla Rushman
More articles in World Economic Review from World Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by Jake McMurchie ().