Daniel Bradtke
Broschiertes Buch

Theories of the firm - neoclassical and managerial decision making

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Seminar paper from the year 2004 in the subject Economics - Macro-economics, general, grade: 1,6, University of Wales, Newport,, course: Course Title: Decision Making (B.Sc. Business Undergraduate Programme), language: English, abstract: For a long time, economists have seen the firm as a black box, arguing that firms maximise profits. Without following this ultimate goal, economists say that organisations would not survive in competitive markets (Makamason, 2004). In order not to be replaced, managers would have to comply with the objective of profit (value) maximisation. Hart (1989) says tha...