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
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“Freud was a hero. He descended to the “Underworld” and met there stark terrors. He carried with him his theory as a Medusa’s head which turned these terrors to stone.”
—R.D. (Ronald David)
“Reason sits firm and holds the reins, and she will not let the feelings burst away and hurry her to wild chasms. The passions may rage furiously, like true heathens, as they are; and the desires may imagine all sorts of vain things: but judgement shall still have the last word in every argument, and the casting vote in every decision.”
—Charlotte Brontë (1816–1855)