Firms, Markets and Economic Change: A dynamic Theory of Business Institutions / Edition 1

by Richard N. Langlois, Paul L. Robertson

Overview

Traditonal western forms of corporate organization have been called into question by the success of Japanese keiretsu. Firms, Markets and Economic Change draws on industrial economics, business strategy, and economic history to develop an evolutionary model to show when innovation is best undertaken. The authors argue that innovation is a complex process that defies neat categorization and government policy should be to facilitate change rather than to direct it.

Product Details

ISBN-13:	9780415121194
Publisher:	Taylor & Francis
Publication date:	07/06/1995
Pages:	200
Product dimensions:	6.12(w) x 9.19(h) x (d)
Age Range:	18 Years

About the Author

Richard N. Langlois is Professor of Economics at the University of Connecticut, Storrs. His research interests include the economics of organization, the economics of technology, and economic history. He is the editor of Economics as a Process: Essays in the New Institutional Economics (1986) and the lead author of Microelectronics: An Industry in Transition (1988). Paul L. Robertson is a Senior Lecturer in the Department of Economics and Management at University College, University of New South Wales. In recent years, he has taught strategic and project management as well as economic history. In addition to many articles, he is the co-author, with Sidney Pollard, of The British Shipbuilding Industry, 1870–1914 (1979).

Table of Contents

1 INTRODUCTION 2 CAPABILITIES, STRATEGY AND THE FIRM 3 A DYNAMIC THEORY OF THE BOUNDARIES OF THE FIRM 4 VERTICAL INTEGRATION IN THE EARLY AMERICAN AUTOMOBILE INDUSTRY 5 EXTERNAL CAPABILITIES AND MODULAR SYSTEMS 6 INERTIA AND INDUSTRIAL CHANGE 7 INNOVATION, NETWORKS AND VERTICAL INTEGRATION 8 CONCLUSION