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
The Megacorp and Oligopoly: Micro Foundations of Macro Dynamics

The Megacorp and Oligopoly: Micro Foundations of Macro Dynamics

Eichner, Alfred S.

Paperback

Business GeneralEconomics

ISBN10: 0521068614
ISBN13: 9780521068611
Publisher: Cambridge
Published: Jul 10 2008
Pages: 380
Weight: 1.22
Height: 0.85 Width: 6.00 Depth: 9.00
Language: English
This book provides both an explanation of the inflation which has bedeviled economic policy in the West since the end of World War II and a micro-economic theory to purge Keynesian models of the Walrasian strain derived from Marshall's Principles. By focusing on what is taken to be the representative business firm of the twentieth century - the large corporation or megacorp - the microeconomic model presented in the book reverses the usual assumptions of economic analysis. Instead of assuming the existence of firms with no control over prices, the book examines how the megacorp uses its pricing power to finance its own internal rate of growth. The result is a determinant model of how prices are set under the sort of oligopolistic conditions which prevail in most modern industries throughout the world.

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