The evolutionary firm and Cournot's Dilemma

Article Abstract:

Competence/capability has been introduced as a rival and as a complement to the idea of transaction-costs as the foundation for a modern theory of the firm. Once established, the evolutionary theory of the firm is utilized to bypass Marshall's reconciliation problem and solve Cournot's Dilemma.

United States, Cost Control Techniques, Cost control, Cost reduction

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Lucas on involuntary unemployment

Article Abstract:

Lucas' arguments against Keynes's General Theory and his concept of involuntary unemployment are examined. Further, Lucas' three arguments against the involuntary unemployment concept are discussed.

Unemployment

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The Dahrendorf hypothesis and its implications for (the theory of) economic policy-making

Article Abstract:

The hypothesis on diversity of economics presented by sociologist R. Dahrendorf is evaluated and its entailments for economic policy making are discussed.

Government expenditures, Science & research, England, Research, Economic policy, Dahrendorf, R.

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