The Economic Nature of the Firm

This anthology explores the economic principles of firm organization, featuring classic and contemporary writings. The Economic Nature of the Firm is essential for understanding these dynamics.

This collection presents a curated selection of classic and near-classic readings that delve into the economic theory surrounding the organization of firms. Compiled by renowned economists, The Economic Nature of the Firm serves as an essential resource for advanced undergraduates, graduates, and scholars from various disciplines such as law, sociology, and management. It introduces key literature that has shaped the understanding of firm organization and economic behavior.

The anthology encompasses foundational writings from influential figures like Ronald Coase, Oliver Williamson, and Michael Jensen, alongside contemporary insights from Paul Milgrom, Bengt Holmstrom, and others. The book is structured into four parts, each addressing critical themes: the firm's role in the market economy, the integration of transactions within firms, employer-employee dynamics, and the financial organization of firms. This comprehensive approach allows readers to grasp the multifaceted nature of firms and their operations.

In addition to the selected readings, The Economic Nature of the Firm includes a consolidated bibliography of the sources cited by the featured authors. An introductory essay by the editors provides a survey of the new institutional economics of the firm, highlighting the significant issues raised throughout the anthology. This makes the collection not only a valuable academic resource but also a thought-provoking examination of the economic principles guiding firm organization.