6 ms·
Thanks for pointing this out. There are many strong opinions on this subject guided by little more than naïve intuition. Having an opinion on the nature of the
by mhartl 12y ago
Thanks for pointing this out. There are many strong opinions on this subject guided by little more than naïve intuition. Having an opinion on the nature of the firm without reading Coase is like having an opinion on externalities without reading Coase [1].
[1]: http://www.jstor.org/discover/10.2307/724810?uid=3739560&uid=2&uid=4&uid=3739256&sid=21104521002823 http://www.jstor.org/discover/10.2307/724810?uid=3739560&uid...