Information and Organization
A New Perspective on the Theory of the Firm
- Publisher's listprice GBP 63.00
-
28 444 Ft (27 090 Ft + 5% VAT)
The price is estimated because at the time of ordering we do not know what conversion rates will apply to HUF / product currency when the book arrives. In case HUF is weaker, the price increases slightly, in case HUF is stronger, the price goes lower slightly.
- Discount 10% (cc. 2 844 Ft off)
- Discounted price 25 600 Ft (24 381 Ft + 5% VAT)
Subcribe now and take benefit of a favourable price.
Subscribe
28 444 Ft
Availability
printed on demand
Why don't you give exact delivery time?
Delivery time is estimated on our previous experiences. We give estimations only, because we order from outside Hungary, and the delivery time mainly depends on how quickly the publisher supplies the book. Faster or slower deliveries both happen, but we do our best to supply as quickly as possible.
Product details:
- Publisher OUP Oxford
- Date of Publication 11 January 2001
- ISBN 9780198297802
- Binding Paperback
- No. of pages328 pages
- Size 235x156x19 mm
- Weight 482 g
- Language English
- Illustrations figures and tables 0
Categories
Short description:
"Information and Organization" models the economy in terms of the flow of information rather than material goods. Instead of the adversarial exploitation of information gaps, it stresses the creative use of information in decision making and co-ordinating the use of resources.
MoreLong description:
This book offers a vision of the economy as a system of structured information flow. The structuring is effected by institutions, and in particular by firms, which specialize in processing the information needed to allocate resources properly. Firms are the institutional embodiment of the visions of individual entrepreneurs who believe that they have found a better way of allocating resources.
Entrepreneurial vision is only a partial vision, however, in the sense that it does not encompass the entire economy, but only a subset of it. Free market economies encourage the exploitation of such partial visions because they encourage intermediation---it is by mediating between potential buyers and potential sellers that entrepreneurial visions are realized. A legal framework of private property, coupled with a moral framework to control the incidence of cheating, allows very sophisticated structures of information processing to emerge. These structures effect an elaborate division of labour in the dimensions of information and control. Each firm is a small component of the overall structure of information flow. This structure is highly flexible and evolves continuously as circumstances change. Efficient adaptation is encouraged by rewarding entrepreneurs who create new firms to be slotted into the existing structure.
This vision has evolved over the last fifteen years, during which the author has researched a variety of topics connected with the theory of the firm----entrepreneurship, business culture, multinational enterprise, joint ventures and the like. In each of these areas he has identified the ways in which the orthodox theory of the firm needs to be modified in order to make it work properly. This book represents a major intellectual synthesis of that work.
A superb contribution to the economics of knowledge and information from a Marshallian perspective. The theory elaborated by the book fills an important gap in the economic theory of the firm, and it is likely to open a new line of analysis more attentive to the entrepreneurial function of firms as market-makers.
Table of Contents:
I. Basic Principles
Information Cost and Economic Organization
The Process of Coordination
The Nature of the Firm
Business Networks
Imitation and Instability
Information: Factual and Moral
II. Extensions and Applications
Industrial Districts
Free-Standing Firms
Chartered Trading Companies
The Historical Significance of Information Costs
