Chapter 6 Corporations in economic development
Towards a Capitalist Manifesto
Sung-Hee Jwa
Article Category:
Monograph Chapter
Publication Date:
30 Jun 2017
Page Range:
104–114
Collections:
Economics 2017
DOI:
https://doi.org/10.4337/9781785367991.00011
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This chapter discusses the important role of the corporate firm in capitalism and in economic development. Firms are seen as complementing markets, as a market expander by helping to overcome transaction costs in the overall economy by their command-and-control structures. The chapter also discusses how corporate growth incentives can be secured without necessarily encouraging monopoly power.

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Cover A General Theory of Economic Development
A General Theory of Economic Development
Monograph Book
Publication Date:
30 Jun 2017
Print ISBN:
9781785367984
eISBN:
9781785367991
DOI:
https://doi.org/10.4337/9781785367991
Page Count:
c 232
Collections:
Economics 2017
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