Theory of The Firm

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:

    ... liberal intellectuals ... tend to have a classical theory of politics, in which the state has a monopoly of power; hoping that those in positions of authority may prove to be enlightened men, wielding power justly, they are natural, if cautious, allies of the “establishment.”
    Susan Sontag (b. 1933)

    Could Shakespeare give a theory of Shakespeare?
    Ralph Waldo Emerson (1803–1882)

    His firm stanzas hang like hives in hell
    Or what hell was, since now both heaven and hell
    Are one, and here, O terra infidel.
    Wallace Stevens (1879–1955)