3 ms·
Read Ronald Coase's Nature of the Firm: http://www3.nccu.edu.tw/~jsfeng/CPEC11.pdf http://www3.nccu.edu.tw/~jsfeng/CPEC11.pdf It isn't really that firms are com
by barney54 10y ago
Read Ronald Coase's Nature of the Firm: http://www3.nccu.edu.tw/~jsfeng/CPEC11.pdf http://www3.nccu.edu.tw/~jsfeng/CPEC11.pdf It isn't really that firms are communist internally, but that firms exist to reduce transactions costs. Such as contracting for every thing every day (i.e. I don't need a new contract every single day at my job).