The Economic Nature of the Firm
Subtitle: A Reader
Contributors: Louis Putterman (Editor); Randall S. Kroszner (Editor)
Edition: 2Rev Ed edition
Publisher: Cambridge University Press
Published: February 23, 1996
Language: eng
Format: Hardcover
Number of pages: 400
ISBN-13: 9780521470926
Subjects: Economic systems; Microeconomics; Economics - Theory; Business / Economics / Finance; Business/Economics; Industrial organization; Economic History; Economics - Microeconomics; Business & Economics / Economic History; Business enterprises; Managerial Economics
First sentence: The greates improvement in the productive powers of labour, and the greater part of the skill, dexterity, and judgment with which it is any where directed, or applied, seem to have been the effects of the division of labour.
Description: "The Economic Nature of the Firm brings together classic writings on the economic nature and organization of firms, including works by Ronald Coase, Armen Alchian and Harold Demsetz, Michael Jensen and William Meckling, George Akerlof, and Oliver Williamson, as well as more recent contributions by Paul Milgrom and John Roberts, Samuel Bowles and Herbert Gintis, Bengt Holmstrom, and Oliver Hart. Part I explores the general theme of the firm's economic nature and its place in the market system: Part II covers the scope of the firm; Part III examines internal organization and the human factor; and Part IV ties the firm's organization and behavior to issues of financing and ownership."--BOOK JACKET. "This volume also includes a consolidated bibliography of sources cited by these authors and an introductory essay by the editors that surveys the new institutional economics of the firm and issues raised in the anthology. The collection aims to introduce this core literature to advanced undergraduates, business and economics graduate students, and scholars in allied disciplines, including law, sociology, and organization and management."--BOOK JACKET.