ABSTRACT

This chapter is an attempt to develop a heterodox theory of the business enterprise incorporating contributions made by various theoretical traditions in heterodox economics, in particular Marxian, Post Keynesian, and institutionalist economics. The rationale behind this task is that while each heterodox economics tradition offers its own distinctive insights into the business enterprise that are alternative to the neoclassical theory of the firm, an integrative approach will offer a more comprehensive understanding of the business enterprise than each heterodox approach could do separately.