The Problem of Production

Per L. Bylund is Records-Johnston Professor of Free Enterprise and Assistant Professor of Entrepreneurship, School of Entrepreneurship, Oklahoma State University, USA.

Introduction 1. What We Know and What We Don’t Know about the Firm 2. The Extent of the Market Process 3. The ‘Specialisation Deadlock’ 4. Entrepreneurship and Integration 5. Authority and Hierarchy 6. The Volatile Character of the Firm 7. Financing, Ownership and Boundaries of the Firm 8 The Firm as a Market Institution 9 The Nature of the Market Process 10 Policy Implications 11 What the Future Holds