Foundations of a Pure Cost Theory [Hardcover]

Heinrich von Stackelberg's book, Grundlagen einer reinen Kostentheorie , published in 1932 was at the forefront of a growing conceptual revolution in the theory of the firm, a theory which appears more relevant than ever in todays economic climate. In this work, Stackelberg masterfully built a theoretical framework which he later developed in Market Structure and Equilibrium.

Foundations of a Pure Cost Theory represents the first translation of the original German version into English. This substantial book offers?readers a critical and technical understanding of the firm, how firms function?and the environments in which they operate. Fundamental notions of cost production, market economy, optimum position and velocities of production are given prominence. Ultimately, this work, which remains largely unknown, can be seen as a milestone text in our understanding of the strategies adopted by firms as a whole.

The book has been meticulously translated from the German into English, retaining the authors examples in their historical context and capturing the spirit of the time with all its subtlety and significance.

Here is the first English translation of Heinrich von Stackelberg's book Grundlagen einer reinen Kostentheorie, a pioneering piece of work in terms of cost functions and multiproduct firms.Foreword.- Praise for the Book.- About the Translators.- Translators' Commentary.- 1 Foundations.- 2 Costs in Single Production.- 3 Costs in Joint Production.- 4 The Movement of Costs and the Structure of the Market Economy.- Appendix.

Heinrich von Stackelbergs book Grundlagen einer reinen Kostentheorie, published in 1932, was at the forefront of a growing conceptual revolution in the theory of the firm, a theory which appears more relevant than ever in todays economic climate. In this work, Stackelberg masterfully builds a theoretical framework which he later develops in Market Structurl3"