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Yet at the time of investment, those years of use are in the future and uncertain.

The firm is the essential institutional means of confronting this uncertainty. Expectation, Enterprise and Profit is concerned with the nature and mode of life of the firm as a means of policy formation in the face of uncertainty.

Expectation, Enterprise and Profit | The Economic Journal | Oxford Academic

The Matrix of Production. Yet when the decision is made to invest in them, those years of use are in the future and the conditioning circumstances are unobservable and unknown.

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The firm in Western economies is the essential institutional means of confronting this problem of uncertainty, Expectation, Enterprise and Profit: The Theory of the Firm is concerned with the nature and mode of life of the firm as a means of policy formation in the face of uncertainty. This book offers a concise treatment and excellent analysis of the major concepts studied in a first course in the theory of the firm. The Matrix of Production.

Expectation, Enterprise and Profit: The Theory of the Firm

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