Quarterly Journal of Austrian Economics
Conglomerates and Economic Calculation
Volume 7, No.1 (Spring 2004)
Using Mises’s concept of economic calculation, this paper explains why conglomerates are frequently observed in emerging economies across the world. It also addresses the issue of why conglomerates take the form of either the multidivisional diversified single firm or the diversified business group.
Cite This Article
Jeon, Yoong-Deok and Young-Yong Kim. "Conglomerates and Economic Calculation." The Quarterly Journal of Austrian Economics 7, No. 1 (Spring 2004): 53–64.