The Nature Of The Firm
'The Nature of the Firm' (1937), is an influential article by Ronald Coase. It offered an economic explanation of why individuals choose to form partnerships, companies and other business entities rather than trading bilaterally through contracts on a market.
Read more about The Nature Of The Firm: Summary
Famous quotes containing the words nature and/or firm:
“Our ideas must be as broad as Nature if they are to interpret Nature.”
—Sir Arthur Conan Doyle (1859–1930)
“What forests of laurel we bring, and the tears of mankind, to those who stood firm against the opinion of their contemporaries!”
—Ralph Waldo Emerson (1803–1882)