The Nature Of The Firm
'The Nature of the Firm' (1937), is an influential article by Ronald Coase. It offered an economic explanation of why individuals choose to form partnerships, companies and other business entities rather than trading bilaterally through contracts on a market.
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Famous quotes containing the words nature and/or firm:
“A nobleman who is wicked is by nature a monster.”
—Molière [Jean Baptiste Poquelin] (1622–1673)
“It is meet
That noble minds keep ever with their likes;
For who so firm that cannot be seduced?”
—William Shakespeare (1564–1616)