About this document
Neoclassical vs Heterodox Firm Theories by imdisha is a document available to read on EtoBox.
The document contrasts neoclassical and heterodox theories of the firm, emphasizing the importance of organizations over market transactions. It discusses the role of transaction costs in the existence of firms and the factors influencing firm growth, such as unused resources and market opportunities. Key insights from theorists like Herbert Simon, Edith Penrose, and John Kenneth Galbraith highlight the complexities of organizational dynamics and the potential for indefinite firm expansion.
- Author
- imdisha
- Language
- EN