Titlebook: Industrial Economics; Issues and Perspecti Paul R. Ferguson,Glenys J. Ferguson Textbook 1998Latest edition Macmillan Publishers Limited 199

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Concluding Note,. Neoclassical microeconomics remains well entrenched as the dominant body of theory underpinning industrial economics, but is being continually refined and modified. It is often argued that, in following the neoclassical tradition, industrial economics (along with microeconomics in general) took th

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Introduction,ndustrial economics. In recent years, doubts have crept in. Controversies now surround many of the central areas of investigation, and the ‘traditional’ approach increasingly faces re-examination and re-evaluation.

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Textbook 1998Latest editiontablished approach, based on the neoclassical theory of the firm, is being challenged by a variety of ideas and concepts. Paramount among these are transactions costs, public choice theory and the work of the Austrian School. .Industrial Economics .integrates these new approaches alongside a critica

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Deindustrialisation,mpanied by a growing service (or tertiary) sector. The service sector in most advanced countries employs more people than the industrial sector — substantially more than half the workforce in many cases. But this sector has received scant attention from economists.