Problems of Coordination in Economic Activity

Problems of Coordination in Economic Activity PDF Author: James W. Friedman
Publisher: Springer Science & Business Media
ISBN: 940111398X
Category : Business & Economics
Languages : en
Pages : 229

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Book Description
Coordination is extremely important in economic, political, and social life. The concept of economic equilibrium is based on the coordination of producers and consumers in buying and selling. This book reviews the topic of coordination from an economic, theoretical standpoint. The aim of this volume is twofold: first, the book contributes to the ongoing research on the economics of coordination; and second, it disseminates results and encourages interest in the topic. The volume contains original research on coordination including general game-theoretic questions, particular coordination issues within specific fields of economics (i.e. industrial organization, international trade, and macroeconomics), and experimental research.

Problems of Coordination in Economic Activity

Problems of Coordination in Economic Activity PDF Author: James W. Friedman
Publisher: Springer Science & Business Media
ISBN: 940111398X
Category : Business & Economics
Languages : en
Pages : 229

Get Book

Book Description
Coordination is extremely important in economic, political, and social life. The concept of economic equilibrium is based on the coordination of producers and consumers in buying and selling. This book reviews the topic of coordination from an economic, theoretical standpoint. The aim of this volume is twofold: first, the book contributes to the ongoing research on the economics of coordination; and second, it disseminates results and encourages interest in the topic. The volume contains original research on coordination including general game-theoretic questions, particular coordination issues within specific fields of economics (i.e. industrial organization, international trade, and macroeconomics), and experimental research.

Problems of Coordination in Economic Activity

Problems of Coordination in Economic Activity PDF Author: James W Friedman
Publisher:
ISBN: 9789401113991
Category :
Languages : en
Pages : 244

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Book Description


Coordination of Economic Activity

Coordination of Economic Activity PDF Author: Stanley Reiter
Publisher:
ISBN:
Category : Industrial organization (Economic theory)
Languages : en
Pages : 44

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Book Description


Coordination and Information

Coordination and Information PDF Author: Naomi R. Lamoreaux
Publisher: University of Chicago Press
ISBN: 0226468585
Category : Business & Economics
Languages : en
Pages : 348

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Book Description
Case studies that examine how firms coordinate economic activity in the face of asymmetric information—information not equally available to all parties—are the focus of this volume. In an ideal world, the market would be the optimal provider of coordination, but in the real world of incomplete information, some activities are better coordinated in other ways. Divided into three parts, this book addresses coordination within firms, at the borders of firms, and outside firms, providing a picture of the overall incidence and logic of economic coordination. The case studies—drawn from the late nineteenth and early twentieth century, when the modern business enterprise was evolving, address such issues as the relationship between coordination mechanisms and production techniques, the logic of coordination in industrial districts, and the consequences of regulation for coordination. Continuing the work on information and organization presented in the influential Inside the Business Enterprise, this book provides material for business historians and economists who want to study the development of the dissemination of information and the coordination of economic activity within and between firms.

The Financial System and the Coordination of Economic Activity

The Financial System and the Coordination of Economic Activity PDF Author: Robert E. Krainer
Publisher: Greenwood
ISBN:
Category : Business & Economics
Languages : en
Pages : 360

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Book Description


Macroeconomic Instability and Coordination

Macroeconomic Instability and Coordination PDF Author: Axel Leijonhufvud
Publisher: Edward Elgar Publishing
ISBN: 9781781008393
Category : Business & Economics
Languages : en
Pages : 400

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Book Description
Axel Leijonhufvud has made a unique contribution to the development of macroeconomic theory. This volume draws together his insightful essays dealing with the extremes of economic instability: great depressions, high inflation and the transition from socialism to a market economy. In several of the papers, Leijonhufvud brings a neo-institutionalist perspective to the problems of coordination in economic systems. The papers within Macroeconomic Instability and Coordination some of them already considered classics, deal with the questions that dominated Leijonhufvud's interest throughout his career as an economist: what are the limits to an economy's capacity to coordinate the activities of its members? How does the behavior of the system change under extreme conditions? In what ways does its performance depend upon the institutions that govern the market process?

The Economics of Organization and Coordination

The Economics of Organization and Coordination PDF Author: Peter-J. Jost
Publisher: Edward Elgar Publishing
ISBN: 9781848441897
Category : Managerial economics
Languages : en
Pages : 0

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Book Description
This book provides a comprehensive economic approach for the analysis of organizational structure. It considers the parallels of coordination within firms, coordination between firms and market coordination and offers an economic analysis of the advantages and disadvantages of various instruments of coordination. Looking at examples in the practical world, it provides individual concepts and insights on an economic approach to organization. The book first presents an overall framework of economic organization and its architecture. It then analyzes non-hierarchical coordination mechanisms, and the structure of hierarchical coordination before addressing the choice of a suitable organizational structure. The book will be useful for students of economic and social sciences, with an emphasis on organization and personnel, as well as practitioners in organization and management. Contents: Preface Part I: Organizations and the Role of Coordination 1. Economic Organizations and their Architecture 2. The Analysis of the Coordination Problem Part II: Coordinating Economic Activities: From Markets to Hierarchies 3. The Efficiency of Markets 4. The Analysis of Transactions Part III: Hierarchies as a Coordination Mechanism 5. Basic Forms of Hierarchical Coordination 6. Organizational Structures Bibliography Index

Economics as a Coordination Problem

Economics as a Coordination Problem PDF Author: Gerald P. O'Driscoll
Publisher: Kansas City, Kan. : Sheed Andrews and McMeel
ISBN:
Category : Business & Economics
Languages : en
Pages : 210

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Book Description
A revision of the author's thesis, University of California at Los Angeles. Includes index. Bibliography: p. 158-167.

The Economy As An Evolving Complex System II

The Economy As An Evolving Complex System II PDF Author: W. Brian Arthur
Publisher: CRC Press
ISBN: 0429976267
Category : Mathematics
Languages : en
Pages : 428

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Book Description
A new view of the economy as an evolving, complex system has been pioneered at the Santa Fe Institute over the last ten years, This volume is a collection of articles that shape and define this view?a view of the economy as emerging from the interactions of individual agents whose behavior constantly evolves, whose strategies and actions are always adapting.The traditional framework in economics portrays activity within an equilibrium steady state. The interacting agents in the economy are typically homogenous, solve well-defined problems using perfect rationality, and act within given legal and social structures. The complexity approach, by contrast, sees economic activity as continually changing?continually in process. The interacting agents are typically heterogeneous, they must cognitively interpret the problems they face, and together they create the structures?markets, legal and social institutions, price patters, expectations?to which they individually react. Such structures may never settle down. Agents may forever adapt and explore and evolve their behaviors within structures that continually emerge and change and disappear?structures these behaviors co-create. This complexity approach does not replace the equilibrium one?it complements it.The papers here collected originated at a recent conference at the Santa Fe Institute, which was called to follow up the well-known 1987 SFI conference organized by Philip Anderson, Kenneth Arrow, and David Pines. They survey the new study of complexity and the economy. They apply this approach to real economic problems and they show the extent to which the initial vision of the 1987 conference has come to fruition.

Problems of the Planned Economy

Problems of the Planned Economy PDF Author: John Eatwell
Publisher: W. W. Norton
ISBN: 9780393958614
Category : Central planning
Languages : en
Pages : 292

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Book Description
"First published in the New Palgrave: a dictionary of economics ... in four volumes, 1987"--T.p. verso. Includes bibliographical references. Perestroika / A. Aganbegyan -- Socialist planning / Michael Ellman -- China's economic reforms / Peter Nolan -- Nikolai Ivanovich Bukharin / Donald J. Harris -- Central planning / Tadeusz Kowalik --Colbertism / D.C. Coleman -- Collective agriculture / Peter Nolan --Command economy / Gregory Grossman -- Control and coordination of economic activity / Béla Martos -- Convergence hypothesis / P.J.D. Wiles --Corporatism / Joseph Halevi -- Cycles in socialist economies / D.M. Nuti -- East-West economic relations / Marie Lavigne -- Economic calculation in socialist economies / Michael Ellman -- Fascism / Wolfgang-Dieter Classen -- Grigorii Alexandrovic Fel'dman / Michael Ellman -- Investment planning / Joseph Halevi -- Leonid Vitalievich Kantorovich / V. Makarov --Labour-managed economies / B. Horvat -- Oskar Lange / Tadeusz Kowalik. Lange-Lerner mechanism / Tadeusz Kowalik -- Vladimir Ilyich Lenin / Meghnad Desai -- Abba Ptachya Lerner / Tibor Scitovsky -- Mao Zedong / Peter Nolan -- Market socialism / W. Brus -- Material balances / Gregory Grossman -- Vasily Sergeevich Nemchinov / M.C. Kaser -- Viktor Valentinovich Novozhilov / Holland Hunter and Robert W. Campbell --Planned economy / Alec Nove -- Planning / Rajiv Vohra -- Evgenii Alexeyevich Preobrazhensky / Michael Ellman -- Prices and quantities / A. Brody -- Socialism / Alec Nove -- Josif Vissarionovich Stalin / Michael Ellman -- Stanislav Gustavovich Strumilin / M.C. Kaser -- Lev Davidovich Trotsky / Richard B. Day -- Nikolai Alekseevich Voznesensky / M.C. Kaser.