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Capital and Uncertainty

The Capital Investment Process in a Market Economy. Locke Institute Series

By (author) Ian C. Runge
Format: Hardback
Publisher: Edward Elgar Publishing Ltd, Cheltenham, United Kingdom
Published: 27th Sep 2000
Dimensions: w 156mm h 234mm d 20mm
Weight: 507g
ISBN-10: 1840642882
ISBN-13: 9781840642889
Barcode No: 9781840642889
A study of capital, analyzing capital investment choice as a process. It is a non-mathematical text, modernizing and adding to the existing thought in this area, with insights from game theory, rational choice under uncertainty and new institutional economics. Dr Runge also draws upon 25 years of experience in setting out a practical exposition of the risk/return trade-off and how major capital investment decisions are made within firms. Topics covered include: the nature of capital investment decisions; entrepreneurship and the market order; capital investment choice processes; capital investment models; and capital decisions -choices between strategies.

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