Description
Who controls markets and profits from them? Does competition or monopoly lead to a more really useful economy? How can the economic playing field change into fairer or more biased in either direction? The study of industrial organization extends to the core of these most necessary questions of economics. Right through the field’s history, more than a few clashing schools of thought have attempted to sort through these complex issues, examining both abstract theory and real-life cases. The Fifth Edition of this widely used, highly regarded text includes coverage of dramatic changes within the field. Shepherd & Shepherd provide broad, balanced coverage of topics without showing preference to any single viewpoint, encouraging students to think independently. This emphasis on independent judgment is evident Right through the book, with discussion of structure placed before performance to help the reader in desirous about causation. Topics are organized for maximum flexibility, with distinct chapters covering case studies, antitrust and regulation policy, and capital markets.
Titles of related interest from Waveland Press: Brock, The Structure of American Industry, Thirteenth Edition (ISBN 9781478627326) and Ekelund-Hebert, A History of Economic Theory and Method, Fifth Edition (ISBN 9781577664864).