ALBERT

Notes: Acs, ZOLTAN J. and AUDRETSCH, DAVID B. (eds.): Small Firms and Entrepreneurship: An East-West PerspectiveBATES, ROBERT H. and KRUEGER, ANNE O. (eds.): Political and Economic Interactions in Economic Policy ReformBIRD, RICHARD M. and DE JANTSCHER, MILU C. (eds.): Improving Tax Administration in Developing CountriesBOLAND, LAWRENCE A.: The Principles of EconomicsCOUGHLIN, PETER J.: Probabilistic Voting TheoryDIETZ, FRANK J.; SIMONIS, UDo E. and VAN DER STRAATEN, JAN (eds.): Sustainability and Environmental PolicyGEROSKI, P. A.: Market Dynamics and EntryHARGREAVES HEAP, SHAUN P.: The New Keynesian MacroeconomicsHAY, D. A. and MORRIS, D. J.: Industrial Economics and Organization: Theory and EvidenceISLAM, SHAFIQUL and MANDELBAUM, MICHAEL (eds.): Making MarketsJAEGER, FRANZ: Natur und WirtschaftMAYER, THOMAS: Truth Versus Precision in Economics. Advances in Economic Methodology Series, AldershotMILLER, GARY J.: Manageral DilemsMORISHIMA, MICHIO: Capital & CreditPEARCE, ROBERT D.: The Crowth and Evolution of Multinational EnterprisePOLACHEK, SOLOMON W. and SIEBERT, W. STANLEY: The Economics of EarningsPRESLEY, JOHN R. (ed.): Essays on Robertsonian EconomicsREID, GAVIN C.: Small Business EnterpriseROTHSCHILD, KURT W.: Ethics and Economic Theory: Ideas - Models - DilemmasSALVATORE, DOMINICK: International EconomicsSMITH, VERNON L.: Papers in Experimental EconomicsTALKENBERG, ANDREA: Die Ökonomie des BildermarktesTEUTEMANN, MANFRED: Rationale Kompetenzverteilung im Rahmen der europäischen IntegrationTYERS, ROGER and ANDERSON, KYM: Disarray in World Food MarketsWAGENER, HANS-JÜRGEN (Hg.): Anpassung durch WandelMYRDAL, GUNNAR: The Political Element in the Development of Economic TheoryMACKENROTH, GERHARD: Theoretische Grundlagen der Preisbildungsforschung und PreisbildungspolitikCHIPMAN, J. S.: ‘A Survey of the Theory of International Trade: Part 1: The Classical Theory, EconometricaGORDON, ROBERT J.: ‘What is New-Keynesian Economics?’. Journal of Economic LiteratureHOLMSTROM, BENGT: ‘Mod Hazard in Teams’, Bell Journal of EconomicsWHYTE, WILLIAM: Money and Motivation: An Analysis of Incentives in IndustryKEYNES. JOHN: ‘Alfred Marshall, 1842-1924’, Economic JournalLOVEMAN, GARY and SENCENBERGER, WERNER: ‘The Re-emergence of Small-Scale Production: An International Comparison’, Small Business EconomicsBROADWAY. R. and BRUCE, N.: Welfare EconomicsHAMMOND, P. J.: Dual Interpersonal Comparisons of Utility and the Welfare Economics of Income Distribution', Journal of public EconomicsSEN, A. K.: Collective Choice and Social WelfareSEN, A. K.: ‘Social Choice Theory: A Re-examination’, EconometricaSEN, A. K.: ‘Personal Utilities and Public Judgements: Or What's Wrong with Welfare Economics?’, Economic JournalSEN, A. K.: Choice, Welfare and MeasurementSEN, A. K.: ‘The Moral Standing of Markets’, Social Philosophy and PolicySEN, A. K. and WILLIAMS, B.: Utilitarism and BeyondADAM, JAN: Planning and Market in Soviet and East European Thought, 1960s-1992ALLAIS, MAURICE: Les Fondements Comptables de la Macro-économiqueALIEN, SHEILA and TRUMAN, CAROLE (eds.): Women in BusinessATKINSON, ANTHONY B. (ed.): Alternatives to CapitalismBALASSA, BELA: Policy Choices for the 1990sBERGSTEN, C. FRED and NOLAND, MARCUS (eds.): Pacific Dynamism and the International Economic SystemBEROSTEN, C. FRED and NOLAND, MARCUS: Reconcilable Differences?BOULDING, KENNETH E.: The Structure of a Modern EconomyBOWLES, SAMUEL; GINTIS, HERBERT and GUSTAFSSON, Bo (eds.): Markets and Democracy: Participation, Accountability and EfficiencyBRUNSSON, NILS and OLSEN, JOHAN P.: The Reforming OrganizationBUBCHTEMANN, CHRISTOPH F. 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PETER (eds.): Theory, Policy and Dynamics in International TradeFAINI, RICCARDO and DE MELO, JAIME (eds.): Fiscal Issues in Adjustment in Developing CountriesFISCHER, JÜRGEN; MESSNER, FRANK und WOHLMUTH, KARL (Hrsg.): Die Transformation der osteuropäischen Länder in die MarktwirtschaftFRISCH, HELMUT and WÖRGÖTTER, ANDREAS (eds.): Open-Economy MacroeconomicsFURNHAM, ADRIAN and GUNTER, BARRIE: Corporate AssessmentGOMES, LEONARD: The International Adjustment MechanismGREENAWAY, DAVID and MILNER, CHRIS: Trade and Industrial Policy in Developing CountriesGRINSPUN, RICARDO and CAMERON, MAXWELL A. (eds.): The Political Economy of North American Free TradeGUNTER, BARRIE; FURNHAM, ADRIAN and DRAKELY, RUSSELL: BiodataHABERLER, GOTTFRIED: The Liberal Economic OrderHABERLER, GOTTFRIED: The Liberal Economic OrderHARTSHORN, J. E.: Oil TradeHERR, HANSJÖRG und WESTPHAL, ANDREAS (Hrsg.): Transformation in Mittel- und OsteuropaHERRMANN, ROLAND; BURGER. KEES and SMTP, HIDDE P.: International Commodity PolicyHOLZMANN, ROBERT und NECX, REINHARD (Hrsg.): Konjunktureffekte der österreichischen BudgetpolitikIANNELLO, KATHLEEN P.: Decisions Without HierarchyJERGER, JÜRGEN: Beschäftigung und KapitalbildungJOHANSSON, PER-OLOV: Cost-Benefit Analysis of Environmental ChangeKECK, OTTO: Information, Macht und gesellschaftliche RationalitätKLEINKNECHT, ALFRED and BAIN, DONALD (eds.): New Concepts in Innovation Output MeasurementKNOESTER, ANTHONIE (ed.): Taxation in the United States and EuropeLAUNHARDT, WILHELM: Mathematical Principles of EconomicsLEE, FREDERIC S. and EARL, PETER E. 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Notes: Adam, Hermann: Die Konzertierte Aktion in der Bundesrepublik.Ahamad, Bashir, and Blaug, Mark (Eds.): The Practice of Manpower Forecasting.Berg, Hartmut: Zur Funktionsfähigkeit der Europäischen Wirtschaftsgemeinschaft.Berliner, Joseph S.: Economy, Society and Welfare.Black, R. D. Collison, Coats, A. W., and Goodwin, Craudfurt D. W. (Eds.): The Marginal Revolution in Economics.Boulding, Kenneth E., Pfaff, Martin, and Pfaff, Anita (Eds.): Transfers in an Urbanized Economy.Brunner, Karl (Hrsg.): Beihefte zu Kredit und Kapital.Churchill, Anthony: Road User Charges in Central America.Cornwall, John: Growth and Stability in a Mature Economy.Gulyer, A. J.: The Economics of Social Policy.Eickhof, Norbert: Eine Theorie der Gewerkschqftsentwicklung.Engwall, Lars: Models of Industrial Structure.Feiwel, George R.: The Soviet Quest for Efficiency.Giersch, Herbert (Ed.): Fiscal Policy and Demand Management.Glagow, Manfred (Hrsg.): Umweltgefährdung und Gesellschaftssystem.Gurr, Ted Robert: Politimetrics.Hansmeyer, Karl-Heinrich (Hrsg.): Kommunale Finanzpolitik in der Weimarer Republik.Hoppmann, Erich (Hrsg.): Konzertierte Aktion.Ironmonger, D. S.: New Commodities and Consumer Behavior.Jacob, Klaus-Dieter: Wechselkurs und Leistungsbilanz.JÄger, Wolfgang: Öffentlichkeit und Parlamentarismus.Johnson, Harry G., and Swoboda, Alexander K. (Eds.): The Econ-omics of Common Currencies.KÖllner, Lutz: Wirtschqftswissenschqft versus politische Ökonomie.Krauss, Melvyn B. (Ed.): The Economics of Integration.KrÜger, Wolfgang: Probleme der Informationspolitik.Krutilla, John V. (Ed.): Natural Environments.Mack, Ruth P.: Planning on Uncertainty.McGuire, C. B., and Radner, Roy (Eds.): Decision and Organization.McKersie, Robert B., and Hunter, Laurence C.: Pay, Productivity and Collective Bargaining.McKinnon, Ronald I.: Money and Capital in Economic Development.Mills, Edwin S.: Studies in the Structure of the Urban Economy.Mills, John: Growth and Welfare. A New Policy for Britain.Muthesius, Volkmar: Augenzeuge von drei Inflationen.Psacharopoulos, George: Returns to Education.Schneeweiss, Hans: Ökonometrie.Shackle, G. L. S.: An Economic Querist.Silbermann, Alphons, und KrÜger, Udo Michael: Soziologie der Massenkommunikation.StÅhl, Ingolf: Bargaining Theory.Zahn, Peter: Die Phillips-Relation für Deutschland.

Notes: Family owned and managed firms exhibit remarkable parallels to pre-industrial chiefdoms because the typical economic environment in which they exist limits them to a size and scale equivalent to that of a chiefdom. Using anthropological research this study inventories all known procedures of accommodating multiple heirs to the paramountcy of pre-industrial chiefdoms. It uses this exhaustive inventory to characterize the succession process in modern family owned and managed firms. The major theoretical concept adopted from anthropology is that of polity, defined as an autonomous system of institutional finance and organizational support (resource control and governance). Using terms such as polity helps us to recognize the universality of succession processes. Succession processes in family firms are less idiosyncratic than we once thought. Thus, we can fruitfully explore structural similarities between pre-industrial organizations and modern family firms using the considerable body of field research literature on chiefdoms (Goody, 1958; Barrett, 1965) which finds that every scheme to accommodate multiple successors falls into one of two categories: (a) personnel strategies and (b) asset strategies. A second critical concept is that while it is possible to inventory all possible outcomes (here, succession strategies) in any dynamic system, no single outcome can be accurately predicted in advance. The purpose of this paper is to provide an exhaustive inventory of possible outcomes of the succession process, rather than trying to predict the strategy chosen in a given case. The anthropological perspective provides a much-needed, empirically based, comprehensive model of succession processes in family firms and permits a more nomothetic approach to family firm research.

Notes: Book Reviews

Notes: Book Reviews