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The theory of the firm and transaction cost analysis provide the starting point of this institutional study of business co-operation in the aftermath of World War Two. It is suggested that the market is an institution which is subject to the visible hand of business. The aim of business in this process is to control information flows and reduce uncertainty. Utilising business history case studies, of the oil industry., the electrical engineering industry and the grocery retailing trade the book shows how firms aim to create market governance procedures in order to alter the...

This book continues the on-going debate about the need for alternative, interdisciplinary and heterodox approaches to teaching economics at university.  It deals with challenges currently faced by economists, pursues an interdisciplinary approach to enhance collaboration with academics from disciplines other than economics, and analyses several questions and issues related to the 2007-08 financial crisis and the current Covid-19 emergency.  The on-going Covid pandemic has shown the flaws of the current neoliberal model and the inability of mainstream economic theory to address the problems...