Rivalry is an attempt to understand facets of entrepreneurial societies by integrating the economic analysis with historical, political and psychological considerations, customarily shunned by economists. The author argues that decisions to make new business ventures, and readiness to take risks are both related to concepts of ranking hierarchies on local, national or international levels. He then constructs a theory of business enterprise and of rivalry supported by evidence on entrepreneurship, innovation, advertising, all examined with their historical, political or organisational concerns. This notion of rivalry among businessmen is used to derive guidelines for anti-trust legislation. Instead of pricing, profitability, concentration ratios and other criteria used today to infer non-competitive behaviour, he suggests using a measure of a firm's relative rate of innovation to infer it. By extending the notion of rivalry to the political sphere, national and international, guidelines are derived to evaluate the performance of state-owned enterprises and to examine policies related to free trade.
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Book Description
Editorial Reviews
Review
"Reading Brenner will illuminate the analysis of business behaviour, highlighting the need to understand the 'leapfrogging' game in any interpretation of a firm's rate of growth. Competition and risk are crucial phenomena affecting a firm's performance, and the human response must lie at the centre of any study of business history. This will make Rivalry an important text for anyone considering such issues." J.F. Wilson, Business History
"This is an important book. Schumpeter would have been impressed." Graham Bannock, Business Economist
"Rivalry, extensively researched and documented, is a badly needed, cogently argued, clearly written reaction against static, esoteric economic model building." R.O. Werner, Choice
"The quest for a parsimonious theory of economic change is hardly novel. It is comparatively rare, though, that historical and contemporary fact are allowed to act as the judge of whether the theoretical enterprise should stand or fall. Reuven Brenner's Rivalry: In Business, Science, among Nations makes refreshing reading for its painstaking effort to provide empirical support for the argument." Edward H. Lorenz, Business History Review
"This is an important book. Schumpeter would have been impressed." Graham Bannock, Business Economist
"Rivalry, extensively researched and documented, is a badly needed, cogently argued, clearly written reaction against static, esoteric economic model building." R.O. Werner, Choice
"The quest for a parsimonious theory of economic change is hardly novel. It is comparatively rare, though, that historical and contemporary fact are allowed to act as the judge of whether the theoretical enterprise should stand or fall. Reuven Brenner's Rivalry: In Business, Science, among Nations makes refreshing reading for its painstaking effort to provide empirical support for the argument." Edward H. Lorenz, Business History Review
Book Description
A theory of business enterprise and rivalry is developed from the assumption that decisions to undertake new ventures and readiness to take risks are related to fears of being hierarchically outranked.
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Inside This Book
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First Sentence:
As mathematics penetrated economic analysis during the nineteenth century, a structural, static, rather than a behavioral, dynamic view of enterprises and of markets became widespread. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
noncustomary acts, envious reactions, noncompetitive behavior, entrepreneurial acts, fraudulent advertising, customary behavior Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, Burger King, Adam Smith, New York, Texas Instruments, World War, United Kingdom, Industrial Revolution, People Express, Sherman Act, Merger Case Digest, Middle Ages, Orchard Street, Second Mother, West Germany, Court of Appeals, Federal Trade Commission, Supreme Court, Third World New!
Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
As mathematics penetrated economic analysis during the nineteenth century, a structural, static, rather than a behavioral, dynamic view of enterprises and of markets became widespread. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
noncustomary acts, envious reactions, noncompetitive behavior, entrepreneurial acts, fraudulent advertising, customary behavior Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, Burger King, Adam Smith, New York, Texas Instruments, World War, United Kingdom, Industrial Revolution, People Express, Sherman Act, Merger Case Digest, Middle Ages, Orchard Street, Second Mother, West Germany, Court of Appeals, Federal Trade Commission, Supreme Court, Third World New!
Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
This book cites 100
books:
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7
books
cite this book:
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- Betting on Ideas: Wars, Invention, Inflation by Reuven Brenner on 7 pages
- The Wealth of Nations (Bantam Classics) by Adam Smith on 5 pages
- Industrial Market Structure and Economic Performance by Frederic M. Scherer on 4 pages
- The Vital Few; American Economic Progress and Its Protagonists by jonathan hughes on page 28, Back Matter (1), and Back Matter (2)
- Capitalism, Socialism, and Democracy by Joseph A. Schumpeter in Back Matter (1), Back Matter (2), and Back Matter (3)
See all 100 books this book cites
- Gambling and Speculation: A Theory, a History, and a Future of some Human Decisions by Reuven Brenner on 5 pages
- The Force of Finance: Triumph of the Capital Markets by Reuven Brenner in Front Matter, and Back Matter
- Against the Gods: The Remarkable Story of Risk by Peter L. Bernstein in Back Matter
- Against the Gods: The Remarkable Story of Risk by Peter L. Bernstein in Back Matter
- Legalized Gambling: For and Against by Rod Evans on page 190
See all 7 books citing this book
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