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You might like Ronald Coase's "The Nature of the Firm". https://en.wikipedia.org/wiki/Theory_of_the_firm https://en.wikipedia.org/wiki/Theory_of_the_firm A bus
by sbierwagen 5y ago
You might like Ronald Coase's "The Nature of the Firm". https://en.wikipedia.org/wiki/Theory_of_the_firm https://en.wikipedia.org/wiki/Theory_of_the_firm
A business is a socialist command economy embedded in a market economy, which has odd boundary effects at the interfaces.
- pyrale 5y agoCommand economies are not necessarily socialist. In particular, businesses really don't fit the definition of socialism.
- CRConrad 5y ago> Command economies are not necessarily socialist. One counter-example comes immediately to mind, but mentioning that would cue a whole tedious discussion of "But that is socialism, it's even in the name!" vs "Just because it's in the name doesn't mean it actually is socialism!", so I won't spell it out. > In particular, businesses really don't fit the definition of socialism. No, true. As others have mentioned, feudalism ses a better fit.
- paganel 5y agoThanks, I'll give it a try. I had read about it and about Coase relatively recently but I had skipped the subject, mostly. I think it's a very interesting subject, especially for our field, to be honest I didn't expect for the consolidation at the top to happen so fast (~10-12 years) and at so grand a scale, 9 of the biggest 10 companies by market cap are tech companies (I'm including Tesla here).