The Nature of the Firm
Abstract
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 on which a theory is based, but also because of the extreme importance for economics of...
Paper Details
Title
The Nature of the Firm
Published Date
Nov 1, 1937
Journal
Volume
4
Issue
16
Pages
386 - 405
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Notes
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