The Neoclassical Theory of the Firm
In: Review of radical political economics, Band 8, Heft 4, S. 17-29
ISSN: 1552-8502
The focus of this essay is the treatment of the firm in neoclassical economics and, in particular, the possibility of such a treatment. Its critical result is the impossibility of introducing the firm into neoclassical thought and thus the necessity of transcending the confines of this thought for the construction of a theory of the firm. The last section of this essay turns to the Marxian tradition for a concept of the firm. The outlines of a Marxian treatment of the firm are pre sented as well as the key differences between this treatment and that of neoclas sical economics.