A Brief Prehistory of the Theory of the Firm

by Paul Walker and Paul Walker

Book Overview

The theory of the firm did not exist, in any serious manner, until around 1970. Only then did the current theory of the firm literature begin to emerge, based largely upon the work of Ronald Coase and to a lesser degree Frank Knight. It was work by Armen Alchian, Robert Crawford, Harold Demsetz, Michael Jensen, Benjamin Klein, William Meckling and Oliver Williamson, among others, that drove the upswing in interest in the firm among mainstream economists.

This...

• Format: Paperback
• Language: English
• ISBN: 0367666731
• ISBN13: 9780367666736
• Release Date: September 2020
• Publisher: Routledge
• Length: 124 Pages