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035 $a(EBL)1474444
035 $a(OCoLC)862049066
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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