1st Edition

The Theory of the Firm Critical Perspectives on Business and Management

Edited By Nicolai Foss
1696 Pages
by Routledge

Firms have for a long time been part of the explanatory set-up of economics. However, it is only recently that economists have felt the need for an economic theory addressing: * why firms are different * why firms exist * what determines their boundaries relative to 'the market' * what determines their internal organization. This collection documents the rise of the modern theory of the firm... Read more
1. Overviews of the Field, 2. The Nexus of Contracts View, 3. Formal Agency Work, 4. Incomplete Contracts: The Coordination Perspective, 5. Incomplete Contracts: The Asset Specificity/Property Rights Perspective, 6. The Firm as an Information Processor, 7. Knowledge-Based Perspectives, 8. Perspectives from Business History and Firm Strategy, 9. Methodological Perspectives

Biography

Edited by Nicolai Foss