LEADER 03615oam 2200601I 450 001 9910826218403321 005 20240131141508.0 010 $a1-136-51820-7 010 $a0-415-43650-8 010 $a1-315-01685-0 010 $a1-136-51813-4 024 7 $a10.4324/9781315016856 035 $a(CKB)2550000001131137 035 $a(EBL)1474444 035 $a(OCoLC)862049066 035 $a(MiAaPQ)EBC1474444 035 $a(Au-PeEL)EBL1474444 035 $a(CaPaEBR)ebr10786395 035 $a(CaONFJC)MIL530846 035 $a(OCoLC)861199812 035 $a(FINmELB)ELB134806 035 $a(EXLCZ)992550000001131137 100 $a20180706e20031970 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $2rdacontent 182 $2rdamedia 183 $2rdacarrier 200 10$aExpectation, enterprise and profit $ethe theory of the firm /$fG.L.S. Shackle 210 1$aOxon [England] :$cRoutledge,$d2003. 215 $a1 online resource (263 p.) 225 0 $aKeynesian & post-Keynesian economics ;$vXI 225 0$aRoutledge library editions.$pEconomics 300 $aFirst published in 1970. 311 $a0-415-31378-3 311 $a1-299-99595-0 320 $aIncludes bibliographical references and index. 327 $aCover; Half Title; Title Page; Copyright Page; Original Title Page; Original Copyright Page; Dedication; Table of Contents; Preface; 1. The Nature of Production; 1. The Measure of Production; 2. The Nature of Production; 3. The Means of Production; 4. The Matrix of Production; 5. The Design of Production; 6. Reason, Knowledge and Time; 7. Time-Horizon and Policy; 8. Markets and Prices; 9. The Purpose of the Firm; 10. The Firm's Production Plan; 11. The Firm and the Public Interest; 2. The Matrix of Production; 3. The Firm's Tests of Rightness; 1. Variables, Values, Vectors and Functions 327 $a2. Difference-Quotient, Derivative, Differentiation3. Three Dimensions Represented in Two Dimensions; 4. The Logic of Cheapness; 5. Scale; 6. Costs; 7. Revenue; 8. The Test of Greatest Net Revenue; 9. Overheads; 4. Investment; 1. Durability; 2. Discounting; 3. Plant Accounting; 4. The Concept of Elasticity; 5. Deferment and the Leverage of Interest-Rate Changes; 6. The Interest Elasticity of Present Values; 7. The Reservoir of Investment Projects; 8. Uncertainty, Discounting and Horizon; 9. Focus Values; 5. Expectation; 6. Interdependent Decision-making; 7. Profit and Equilibrium 327 $a1. Policy, Surprise and Decision2. Elasticities of Surprise; 3. Equilibrium and the Unknown; Index 330 $aG.L.S. Shackle made numerous, pioneering contributions to the study of uncertainty in economic life. This volume studies the production process, where resources must be committed to specific technological purposes long in advance of the ultimate sale of goods to the consumer. The problems of such a system rest on the durability of the instruments it uses, whose huge expense can only be recouped if they can be used for many years. Yet at the time of investment, those years of use are in the future and uncertain.

The firm is the essential institutional means of confronting this uncertain 410 0$aRoutledge library editions.$pEconomics. 606 $aMicroeconomics 615 0$aMicroeconomics. 676 $a161 700 $aShackle$b G. L. S$g(George Lennox Sharman),$f1903-1992.,$0105441 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910826218403321 996 $aExpectation, enterprise and profit$9435381 997 $aUNINA