A Theory of the producer-consumer household :

Maruyama, Yoshihiro

A Theory of the producer-consumer household : the new Keynesian perspective on self-employment / Yoshihiro Maruyama and Tadashi Sonoda - New York : Palgrave Macmillan, 2011 - xx, 278p. ; 22cm.

The quick recovery of Asian economies from the recent global recession can be partly attributed tothe effect of positive aggregate-demand externalitiesin their self-employment sectors, which are overwhelmingly large in these economies. This book undertakes a behavioural analysis of self-employing producers to lay a microeconomic foundation for this effect, particularly in cases where markets are not perfectly competitive, as is the case during aggregate economic contractions. Where some marketsare not perfectly competitive, the market prices and rates fail to be relevant and internal prices and rates are instead formed toaid theorganization of family firm and consumption choice. The effects of these externalitiesare explored in this volume; the authors undertake a detailed analysis of records of labour force surveys, national incomes and product accounts of selected economies.

9780230301221


Family-owned business enterprises--Japan
Family-owned business enterprises--United States
Family-owned business enterprises--Finance
Family-owned business enterprises--Management

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