Rivalry: In Business, Science, Among Nations
Rivalry is an attempt to understand facets of entrepreneurial societies by integrating the economic analysis with historical, political and psychological considerations, customarily shunned by economists. The author argues that decisions to make new business ventures, and readiness to take risks are both related to concepts of ranking hierarchies on local, national or international levels. He then constructs a theory of business enterprise and of rivalry supported by evidence on entrepreneurship, innovation, advertising, all examined with their historical, political or organisational concerns. This notion of rivalry among businessmen is used to derive guidelines for anti-trust legislation. Instead of pricing, profitability, concentration ratios and other criteria used today to infer non-competitive behaviour, he suggests using a measure of a firm's relative rate of innovation to infer it. By extending the notion of rivalry to the political sphere, national and international, guidelines are derived to evaluate the performance of state-owned enterprises and to examine policies related to free trade.
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Theory of the entrepreneurial firm
2 Decision making and the goal of enterprises
3 What do firms do?
4 Hierarchy leapfrogging and productivity
5 Where is the demand curve?
Who are the entrepreneurs? or dont confuse brains with a bull market
1 Adversity and entrepreneurship
Inventions and innovations in business and science
words and facts
further implications for the theory of the firm
3 The resistance to innovations in business and science
4 Inventions and crises
Origins of stateowned enterprises
2 Economies of scales and externalities where are the facts?
2 Luck wealth and diminished entrepreneurship
3 Entrepreneurship some broader perspectives
Competition the leapfrogging game
1 Competition defined
2 Prices and sizes of enterprises
3 Monopolies and oligopolies
4 Innovations or prices? A criterion for competitive behavior
Advertising memory and custom
1 Theory of memory and consumer behavior
2 Advertising fa ts or why are you paying 299 for a widget?
3 Melodies and memories
4 Advertising and other sources of information
6 Noncustomary behavior innovations and advertising
3 The emergence of stateowned enterprises regularities
4 Decision making and the role of the state
5 Stateowned enterprises further evidence
6 Policy implications
Restoring the wealth of nations
1 Industrial policies a brief historical perspective
myths and facts
3 More on policy
Decision making and uncertainty a dynamic approach Appendix to Chapter 1
Ownership and decision making Appendix to Chapter 6
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