The theory of the firm is one of the most exciting fields of current economic research. Transaction cost theory, agency theory, contract theory and competency-based theories have all made important contributions. Both the classic and key contemporary papers are included hence The Theory of the Firm gathers together in one volume the major key thinking within the literature.
The main topics covered are the scope and boundaries of the firm, international organization and information costs, vertical integration, growth competence and flexibility, the employment relation, inter-firm collaboration and networking. A substantial analytical introduction by Mark Casson provides a state-of-the-art review of current thinking in the area.
Edited by Mark Casson, Professor of Economics and Director, Centre for Institutions and Economic History, University of Reading, UK
36 articles, dating from 1923 to 1995 Contents: Introduction Part I: The Nature of the Firm Part II: Organization and Hierarchy Part III: Vertical Integration Part IV: Competence, Flexibility and Growth Part V: Inter-Firm Cooperation and Networking Part VI: Historical Perspectives Index