The theory of the firm consists of a number of economic theories that describe, explain, and predict the nature of the firm, company, or corporation, including its existence, behavior, structure, and relationship to the market.
Read more about Theory Of The Firm: Overview, Background, Transaction Cost Theory, Reconsiderations of Transaction Cost Theory, Managerial and Behavioural Theories, Williamson's Approach, Firm Economies, Other Models, Legacy
Famous quotes containing the words theory of, theory and/or firm:
“We commonly say that the rich man can speak the truth, can afford honesty, can afford independence of opinion and action;—and that is the theory of nobility. But it is the rich man in a true sense, that is to say, not the man of large income and large expenditure, but solely the man whose outlay is less than his income and is steadily kept so.”
—Ralph Waldo Emerson (1803–1882)
“In the theory of gender I began from zero. There is no masculine power or privilege I did not covet. But slowly, step by step, decade by decade, I was forced to acknowledge that even a woman of abnormal will cannot escape her hormonal identity.”
—Camille Paglia (b. 1947)
““Pop” Wyman ruled here with a firm but gentle hand; no drunken man was ever served at the bar; no married man was allowed to play at the tables; across the face of the large clock was written “Please Don’t Swear,” and over the orchestra appeared the gentle admonition, “Don’t Shoot the Pianist—He’s Doing His Damndest.””
—Administration in the State of Colo, U.S. public relief program. Colorado: A Guide to the Highest State (The WPA Guide to Colorado)