Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
General X-Efficiency Theory and Economic Development

General X-Efficiency Theory and Economic Development

Leibenstein, Harvey

Paperback

Series: Economic Development

Economics

ISBN10: 0195023803
ISBN13: 9780195023800
Publisher: Oxford University Press
Published: Aug 31 1978
Pages: 200
Weight: 0.63
Height: 0.51 Width: 5.60 Depth: 8.60
Language: English
The latest volume in the Economic Development Series, edited by Gerald M. Meier, this path-breaking book will be greeted with interest by development economists everywhere. Restructuring microeconomic theory in terms of psychological concepts, Professor Leibenstein here applies his innovative theory of individual effort, and the determinants of the relative internal efficiency of the firm or X-efficiency, to economic development problems. He is thus able to evaluate the ways in which human inputs effect economic development. Since individuals, rather than groups, are his basic unit of study, the concept of discovery effort enters into the analysis of such issues as how effectively the individual performs and how his input is utilized by the organization, how it influences X-inefficiency in the public corporation, how quickly new and profitable techniques are adopted, and how market imperfections effect entrepreneurship and related economic activities. Of great significance to economic development, these questions cannot be handled, or handled as well, by conventional microeconomic theory.

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