Markets, corporate behaviour and the state


Book Description

This book originated at a meeting of American and European specialists in in dustrial organization, at the Instituut voor Bedrijfskunde, Nijenrode (The Netherlands) in August, 1974. The conference endeavored to bring together re searchers in a field where, paradoxically, the underlying phenomena studied are increasingly coordinated and internationalized, yet the observers remain pre dominantly isolated. Only rarely do they resort to comparisons between coun tries, and still less frequently to an analysis from a transnational outlook. As the contributions to this collection demonstrate, it has become clearer and clearer that -whether or not as a result of a random process, or of technological conditions, or of deliberate enterprise strategy - the determinants of market structures and their changes as time passes, have created fundamentally similar effects in different countries, resulting in industrial structures of the same kind. Thus, the largest firms and plants are found in the same sectors, and the most concentrated industries are more or less the same from one country to the other. The studies of Prais, Reid, Jacquemin & Phlips and Linda likewise show that a broad trend toward concentration has been manifest.




Economic Theory


Book Description

The content of this book formed part of an introduction to economics. Weidenfeld and Nicolson published an english translation in 1971: Econ- ics. A critical approach. Since several colleagues thought that the critical comments on various theories might discourage students, I divided this introduction into two parts. Were as the first part deals with economic theory as such, the present publication contains the subject matter of the second part, namely the former appraisal sections. The first edition benefited from comment by Professor P. Hennipman, who, although I took his comment into consideration as far as possible, did not always share my views. The appendix to the first edition (Economic Doctrines) has been omitted. I have used brief portions of it in a new chapter, 'Economic doctrines and economic policy'. I have added a chapter entitled 'Economic theory and economic policy' and brought up to date the other chapters. This book has no intention of instructing fellow economists. It is intended as a complement to an introductory course on economics, which for the most part does not deal systematically with (or is even totally lacking in) critical comments. Many economists consider any criticism of economic theory to be a form of lese-majeste. On the other hand, a critical approach should not be the monopoly of left-wing authors.




Markets, State, and People


Book Description

A textbook that examines how societies reach decisions about the use and allocation of economic resources While economic research emphasizes the importance of governmental institutions for growth and progress, conventional public policy textbooks tend to focus on macroeconomic policies and on tax-and-spend decisions. Markets, State, and People stresses the basics of welfare economics and the interplay between individual and collective choices. It fills a gap by showing how economic theory relates to current policy questions, with a look at incentives, institutions, and efficiency. How should resources in society be allocated for the most economically efficient outcomes, and how does this sit with society’s sense of fairness? Diane Coyle illustrates the ways economic ideas are the product of their historical context, and how events in turn shape economic thought. She includes many real-world examples of policies, both good and bad. Readers will learn that there are no panaceas for policy problems, but there is a practical set of theories and empirical findings that can help policymakers navigate dilemmas and trade-offs. The decisions faced by officials or politicians are never easy, but economic insights can clarify the choices to be made and the evidence that informs those choices. Coyle covers issues such as digital markets and competition policy, environmental policy, regulatory assessments, public-private partnerships, nudge policies, universal basic income, and much more. Markets, State, and People offers a new way of approaching public economics. A focus on markets and institutions Policy ideas in historical context Real-world examples How economic theory helps policymakers tackle dilemmas and choices




States Against Markets


Book Description

This work challenges the popular view that globalization threatens the role of the nation-state in determining national policy. It examines the fundamental issue of competitiveness and market power in an increasingly borderless and co-dependent world. Despite this increased threat to the nation-state as an effective manager of the national economy, the authors argue that there are a number of options and alternatives open to governments to protect themselves from the global business cycle.




Government R&D Funding and Company Behaviour Measuring Behavioural Additionality


Book Description

How does government funding of corporate R&D affect the behaviour of firms? Ongoing efforts to boost business investment in R&D demand better methods of evaluating the effectiveness of government policy instruments. Efforts to explicitly measure ...




Industrial Property Markets in Western Europe


Book Description

An important reference book both now and post 1992. It gives a clear introduction to the industrial property market in Europe and provides the information needed to understand each country's system of planning and property development.




Pioneers of Industrial Organization


Book Description

. . . this collection should be viewed as a pioneering effort. . . this book would most likely serve as a useful quick reference source for students of industrial economics. It can also serve as a valuable point of departure for those who wish to study intellectual developments in a major field in more detail. John Howard Brown, Journal of the History of Economic Thought This work will be indispensable for anyone who undertakes serious scholarly research in industrial organization. With its knowledgeable authors and editors, this book offers us valuable materials, about the work of writers long forgotten and others inadequately recognized, that can contribute much to understanding in the field. William J. Baumol, New York University and Princeton University, US This encyclopaedic work celebrates the scores of leading pioneers who created the modern economic field of industrial organization, at the heart of which lie competition and monopoly, the two great forces that drive modern markets. Their pioneering work has shaped the field s growing research as well as the past, present and future debates in Europe and America over several centuries. This landmark book includes authoritative entries on all the major figures in both Europe and North America. Pioneers of Industrial Organization also reveals how public policies such as antitrust and regulation and deregulation since the 1970s can promote, or impede economic results and progress. Readers will find the intellectual pioneers, the theories and policies, and the debates, in all their variety herein. Some pioneers have been free-market advocates, others have been more protective of popular values, but all have strained to make the economic engine promote more wealth, progress and fairness. This book presents the people, ideas and debates with careful neutrality, and also with clear, concise writing. For all those interested in modern economic progress and its problems, this book provides deep insight as well as great personal colour. It will be an essential source of reference for students, researchers and professors of economics, as well as those concerned with the historical foundations or the conceptual and thematic developments in industrial organization.




International Integration, Market Structure and Prices


Book Description

Originally published in 1988, this study focusses on international economic integration in relation to the passenger car industry and market in the West-European car-making countries, Germany, France, Italy, Sweden and the UK in the second half of the 20th Century when the revival of protectionism was a key feature of the international trading system. The book illustrates the interaction between international integration, market structure and firm conduct and the political sphere at the national as well as the supranational level. Unlike previous analyses of international integration, this book concentrates on a single industry over a significant period.




Progress in Intercalation Research


Book Description

If a book needs a third edition, because the previous ones are sold out, one may well question whether an introduction is necessary. However, the Structure of European Industry was meant to be a flexible book, keeping it in tune with actual developments in the European Community. Some explanation is therefore required. Two new chapters on the services industry have been included, to recognize the growing importance of what is fundamentally a bundle of industries. It is also increasingly acknowledged, that the motorcar industry, for its efficiency and innovativeness, is very much dependent on the numerous suppliers, large and small, of the component parts industry. A chapter, reflecting on the strengths and weaknesses of the European car supplying industries is therefore most welcome. Finally, European competition policy, now fitted out with the Merger Control Regulation is moving more and more towards the centre of stage and the final chapter presents a survey of the ~ims and achievements of this type of policy, up till now steadfastly developed by the EC Commission. For the rest, the chapters which were already in the previous edition, have been updated and have partly been rewritten by the authors concerned. The editor is most grateful to old and new contributors for their efforts to jointly produce a book which, after 12 years, is still unique in providing a European, instead of a national focus on industries and markets.




Globalisation and Interdependence in the International Political Economy


Book Description

Globalisation and Interdependence in the International Political Economy addresses central developments within the contemporary international system. The notions of interdependence and globalisation that have accompanied the political discourse of 'a new world disorder' are replete with definitional ambiguities, theoretical difficulties and empirical complexities. Barry Jones offers a critical review and analysis of these concepts, their significance and place within the wider debates of international political economy. He argues that contemporary conditions are complex, with regionalising tendencies cross-cutting those of increasing globalisation, and 'national' impulses surviving even in the face of powerful 'internationalising' forces. Future developments, it is concluded, may also be far more uncertain and turbulent than is widely anticipated. Written by a leading authority, this volume is an effective and compelling introduction to the complex study of international political economy.