The Theory of the Firm in Historical Retrospect

P. J. Curwen

Chapter Chapter 1 in The Theory of the Firm, 1976, pp 3-7 from Palgrave Macmillan

Abstract: Abstract It is appropriate to begin this book with a brief résumé of the development of economic thought relating to the theory of the firm.1 Deciding where to begin, however, immediately presents problems. Whereas it is universally agreed that the work of Chamberlin and Robinson dining the 1930s, to which we will shortly return, constitutes a cohesive theory of the firm, no such agreement exists with respect to the writings of late-nineteenth and early-twentieth century economists. In order to suggest why this is so however, we need to begin with the writings of Adam Smith in 1776, so that the reader can best be left to judge this issue for himself.

Keywords: Demand Curve; Profit Maximisation; Marginal Revenue; Cohesive Theory; Marginal Analysis (search for similar items in EconPapers)
Date: 1976
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-15645-0_1

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DOI: 10.1007/978-1-349-15645-0_1

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