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Coase's transaction cost theory of the firm seems to imply that low cost, ubiquitous transactions would lead to a reduction in the size of corporations generall
by cgoughnour 8y ago
Coase's transaction cost theory of the firm seems to imply that low cost, ubiquitous transactions would lead to a reduction in the size of corporations generally, which might do something to redress the imbalance of power between individuals and corporations as well.