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Money Capital in the Theory of the Firm : A Preliminary Analysis - Douglas Vickers

Money Capital in the Theory of the Firm

A Preliminary Analysis

Hardcover Published: 1st June 1987
ISBN: 9780521328418
Number Of Pages: 256

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The place of money capital in the theory of the firm has remained a relatively neglected question in traditions of economic analysis. In this highly integrative work, issues in production, pricing, capital investment, and financial theory are brought to new levels of interdependence. Developing a three-part argument, Money Capital in the Theory of the Firm deals successively with the theoretical issues and analytic motivation, the neoclassical tradition and postclassical perspectives. In doing so, it presents a self-contained foundation in the basic structures of microeconomic analysis relating to optimization decision making in the firm and in the accounting concepts and statistical apparatus of probability theory relevant to the neoclassical aspects of the argument. Additionally, the book provides the essential mathematical development of such advanced topics as utility functions defined over stochastic arguments, the equilibrium theory of financial asset prices and yields, the cost of money capital, and investment decision criteria. Money Capital in the Theory of the Firm makes an important contribution to the formation of new and analytically richer perspectives in the important area of economics it addresses. It will be of particular interest to those working in economic theory and microeconomics, and their advanced students.

Theoretical Issues and Analytic Motivation
The firm in a monetary economy
Assets, capital, and capitalization
The concept and relevance of economic value
The Neoclassical Tradition
Production, pricing, investment, and financing interdependence in the firm
Probability, risk, and economic decisions
Utility, uncertainty, and the theory of choice
Financial asset markets and the cost of money capital
The cost of money capital: further analysis and controversy
The investment expenditure project
Postclassical Perspectives
Neoclassicism and an alternative perspective
Production and the place of money capital
Uncertainty and decisions in the firm
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521328418
ISBN-10: 0521328411
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 256
Published: 1st June 1987
Country of Publication: GB
Dimensions (cm): 22.86 x 15.24  x 1.91
Weight (kg): 0.54

Earn 444 Qantas Points
on this Book