The Nature of the Firm

  • R. H. COASE
  • Published 2009


ECONOMIC theory has suffered in the past from a failure to state clearly its assumptions. Economists in building up a theory have often omitted to examine the foundations on which it was erected. This examination is, however, essential not only to prevent the misunderstanding and needless controversy which arise from a lack of knowledge of the assumptions… (More)


Cite this paper

@inproceedings{COASE2009TheNO, title={The Nature of the Firm}, author={R. H. COASE}, year={2009} }