The Theory of the Firm

Critical Perspectives on Business and Management

Edited by Nicolai Foss

© 2000 – Routledge

1,696 pages

Purchasing Options:
Hardback: 9780415196376
pub: 1999-12-23
US Dollars$1775.00

About the Book

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 during the last two to three decades. It reprints classic writings from a diversity of perspectives, including not only contractual theories of the firm, but also knowledge-based theories and theories of the firm as an information processor. In addition, the collection features perspectives from business strategy and business history as well as methodological and doctrinal historical perspectives.

Table of Contents

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

About the Series

Critical Perspectives on Business and Management

Global Business is changing at an ever-faster rate. This has been paralleled by an unprecedented growth of activity at undergraduate and graduate levels of study. Covering the key disciplines within business and management studies, this series makes available collections of the most important literature within the field. Each set has a strong international focus and is supplemented with a substantial introduction and thorough index.

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