The Problem

Neil M. Kay

Chapter 2 in The Emergent Firm, 1984, pp 9-31 from Palgrave Macmillan

Abstract: Abstract As stated in Chapter 1, this book is based on two complementary ideas. In this chapter, I will state both as simply as possible. The remainder of the book is taken up with developing the points in more detail. Both arguments start by identifying a fundamental economic problem, and then the implications of the problems are examined in turn. The problem may be labelled those of information and aggregation respectively.

Keywords: Transaction Cost; Marginal Cost; Price System; Potential Economy; Market Transaction (search for similar items in EconPapers)
Date: 1984
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DOI: 10.1007/978-1-349-17517-8_2

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