Corporate Economics: An Introduction to Business Theory and Economic Organizations (Third Edition)

Author: (English) Martin Lickert, translated by Fan Libo, Song Zhihong
Publisher:
Publish Date: 2006-02-01
Features:
In recent decades, one of the most notable focuses in economics has been exploring a series of theoretical frameworks that explain why economic organizations have different structures and characteristics. Martin Lickert's Economics of the Firm is the best book to understand interesting topics within this framework, such as asymmetric information and transaction costs. Highly recommended!—J.H. Pencavel, Economics Professor at Stanford University, USA
Martin Lickert has successfully revised this book, adding hot topics like privatization policies in the East and West to the original version, and explaining the microfoundations of property rights theory in clear and accessible language. It provides a comprehensive and lucid introduction to modern institutional economics—the best in the market among similar books.—Rudolf Richater, Economics Professor at the University of Saarland, Germany
Starting from the basic assumptions of incomplete information and transaction difficulties, and primarily based on neoclassical economic thought, the book offers a thorough and in-depth analysis and elaboration on the structure and contractual relationships of economic organizations. It provides detailed introductions and comparative analyses of theoretical schools and concepts in economics, such as transaction cost theory, property rights theory, principal-agent theory, public choice theory, and deepening theory, as well as the theories of the Austrian School. In addition to analyzing different types of business organizations, the author has added discussions on public policies in the third edition. The book is comprehensive in its concepts and theories, making it suitable for teaching use.