Worlds of Production: The Action Frameworks of the EconomyHarvard University Press, 1997 - 370 páginas This intellectually bold but accessible book seeks to go beyond limitations of the reigning neoclassical and institutional paradigms in explaining the organization of economic activity. It does this by construing "non-economic" factors such as institutions, cultures, and social practices as conventions, which coordinate economic actors by defining specific "frameworks of economic action." In these conventional frameworks, the standard distinction between economic and non-economic no longer exists. The authors explore in detail four basic frameworks--or "possible worlds of production"--which underpin the mobilization of economic resources, the organization of production systems and factor markets, patterns of economic decision making, and forms of profitability. The case studies examine how these possible worlds act to support innovative production complexes in a variety of sectors in several countries. Michael Storper and Robert Salais show that economic actors coordinate actions with one another and interpret what others are doing in ways that are constructed by convention. The principal challenge to economic policy today, they argue, is to reconcile internally coherent conventions with the external tests of product and financial markets, which tend increasingly to escape jurisdictional borders. There is no single model of growth and efficiency that brings these two sides together around the world today, even in narrowly defined product markets. If policies are to deal effectively with an increasingly unified global system of flows of commodities, money, and people, they must be aware of the diverse, economically viable action frameworks found in different industries, regions, and nations. |
Dentro del libro
Resultados 1-3 de 63
... external flexibility the firm requires . In the predictable situation ( risk ) , the principal external unknown has to do with the quantity of output that can be sold . Firms in the Industrial and Intellectual Worlds try to anticipate ...
... external economies of scale . Lock - in may provide cause for concern for the same reason that it may be beneficial to both producers and users : as external economies in pro- duction or use increase , it is not only more difficult to ...
... external transactions is more limited under conditions of true uncertainty than in systems where incidence and magnitude of fluctu- ations can be reliably estimated ; hence producers of dedicated products tend to experience more ...
Contenido
Possible Worlds of Production | 26 |
1 Possible worlds of production | 33 |
Firms Profits Work and Innovation | 44 |
Derechos de autor | |
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Worlds of Production: The Action Frameworks of the Economy Michael Storper,Robert Salais Vista previa limitada - 1997 |
Worlds of Production: The Action Frameworks of the Economy Michael Storper,Robert Salais Vista de fragmentos - 1997 |
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Referencias a este libro
The Evolution of Institutional Economics: Agency, Structure, and Darwinism ... Geoffrey Martin Hodgson Sin vista previa disponible - 2004 |
New Institutional Spaces: Training and Enterprise Councils and the Remaking ... Martin Jones Vista de fragmentos - 1999 |