The Firm, Conflict and the Labour Process

Michael Perelman

Chapter 2 in Information, Social Relations and the Economics of High Technology, 1991, pp 47-89 from Palgrave Macmillan

Abstract: Abstract Marx’s notion of the circuits of capital throws light on the way in which markets process information. This analysis allows us to go beyond Pigou’s critique of market calculation, which was limited to the tendency of business to use an excessive discount rate.

Keywords: Transaction Cost; Spot Market; Neoclassical Economic; Mainstream Economist; Neoclassical Theory (search for similar items in EconPapers)
Date: 1991
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-11161-9_3

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DOI: 10.1007/978-1-349-11161-9_3

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