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ISBN: 0521412412, 9780521412414Издательство: Cambridge University Press
The marginalist theory of the corporation or firm, whose characteristics were formally developed in the 1930s, represents a major change in the development of traditional economic theory. In this book, Professor Schrader, a philosopher of economics, discusses the rise of the marginalist conception of the firm in the context of economic thought over the past two centuries, and explains why economists continue to defend a theory with demonstrable shortcomings: the marginalist view of the firm retains itssupport not through any comparative advantage in empirical or predictive power, but by virtue of its being a part of the predominant marginalist economic program. The clear problems that beset the marginalist approach to the firm signal a general dilemma for economic theory as a whole. Although economists generally remain committed to both a methodological individualism and a preference for non-intentional coordination of economic endeavor, Schrader observes that the modern...