Studies in the Economics of Overhead Costs (Hardcover) (ISBN-13: 9781025506623)

"Studies in the Economics of Overhead Costs" is a foundational text in microeconomics and industrial management that remains a cornerstone of economic theory. This work provides a detailed exploration of the financial and operational challenges posed by fixed costs in large-scale enterprises. J. Maurice Clark's analysis goes beyond simple accounting, delving into the broader implications of idle capacity, price discrimination, and the social costs of production.

The book is renowned for introducing and refining concepts that are now essential to the field, including the distinction between variable and constant costs and the phenomenon of "avoidable costs." By examining various industries-most notably the railway sector-Clark illustrates how overhead costs influence business cycles, competitive behavior, and economic stability. This study serves as an invaluable resource for understanding the complexities of industrial efficiency and the evolution of managerial economics. Readers will find a rigorous investigation into how businesses navigate the pressures of large-scale capital investment and the resulting effects on market pricing and social welfare.

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Author: J. Maurice Clark
ISBN-10: 1025506626
ISBN-13: 9781025506623
Publisher: Tradd Street Press
Language: English
Published: 02/14/2026
Pages: 518
Format: Hardcover
Weight: 1.98lbs
Size: 9.21h x 6.14w x 1.13d