Book Review:Theory of the Firm: Resource Allocation in a Market Economy. Kalman J. Cohen, Richard M. Cyert

1966 ◽  
Vol 39 (3) ◽  
pp. 429
Author(s):  
H. O. Stekler
Keyword(s):  
Resource Allocation ◽  
Market Economy

Theory of the Firm: Resource Allocation in a Market Economy

Econometrica ◽  
1967 ◽  
Vol 35 (2) ◽  
pp. 365
Author(s):  
Bernard J. Marks ◽  
Kalman J. Cohen ◽  
Richard M. Cyert
Keyword(s):  
Resource Allocation ◽  
Market Economy ◽  
Theory Of The Firm

Theory of the Firm: Resource Allocation in a Market Economy

Econometrica ◽  
1966 ◽  
Vol 34 (4) ◽  
pp. 902
Author(s):  
Kenneth E. Boulding ◽  
Kalman J. Cohen ◽  
Richard M. Cyert
Keyword(s):  
Resource Allocation ◽  
Market Economy ◽  
Theory Of The Firm

Theory of the Firm: Resource Allocation in a Market Economy

1966 ◽  
Vol 32 (4) ◽  
pp. 532
Author(s):  
H. A. John Green ◽  
Kalman J. Cohen ◽  
Richard M. Cyert
Keyword(s):  
Resource Allocation ◽  
Market Economy ◽  
Theory Of The Firm

Theory of the Firm: Resource Allocation in a Market Economy.

1976 ◽  
Vol 71 (354) ◽  
pp. 532
Author(s):  
Ira Horowitz ◽  
Kalman J. Cohen ◽  
Richard M. Cyert
Keyword(s):  
Resource Allocation ◽  
Market Economy ◽  
Theory Of The Firm

Viewpoints of the Communist Party and State of Vietnam about Resources and Resource Allocation in the Socialist-Oriented Market Economy

2017 ◽  
Vol 33 (4) ◽  
Author(s):  
Nguyen Hong Son ◽  
Pham Thi Hong Diep
Keyword(s):  
Resource Allocation ◽  
Market Economy ◽  
Communist Party ◽  
The State ◽  
Market Mechanism ◽  
Economic Resources ◽  
Doi Moi ◽  
Role Of The State ◽  
Economic Thinking

The paper reviews Vietnamese Communist Party and the State’s viewpoints about resources and resource allocation in the socialist-oriented market economy. Over 30 years of Doi Moi, there has been a turning point in the economic thinking of the Communist Party of Vietnam. Party’s perception of resources and mechanism of resource allocation in the socialist-oriented market economy has been changing and developing. From the concept that the State is the sole subject that allocates all economic resources according to the central planning mechanism, to date, market mechanism has been identified “to play a key role in effectively mobilizing and allocating development resources”. The role of the State is to guide development on the basis of respect for market principles. In order for the market mechanism to maximize its role in allocating development resources, efforts should be made to improve the synchronous and modern market economy institutions.

Identity, Envy and Resource Loss

2015 ◽  
Vol 17 (01) ◽  
pp. 1540010
Author(s):  
Diganta Mukherjee
Keyword(s):  
Resource Allocation ◽  
Weight Loss ◽  
Market Economy ◽  
Social Value ◽  
The Other ◽  
Resource Allocation Problem ◽  
Dead Weight ◽  
Social Disintegration ◽  
The Social ◽  
Personal Assets

This paper looks at society divided into two groups where personal assets as well as group specific values influences the individuals' utility (positively for own group's value and possibly otherwise for the other group's value). Individual resource allocation problem may lead to under investment in production of assets and excessive diversion of resources into wasteful destructive activities. As a result, the net utility is lowered for all individuals. On the economic front, such usage of resource boosts the "black market" economy and results in dead weight loss. Because in equilibrium both the personal as well as social value created is smaller, on the social front these activities encourage social disintegration.

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