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This book brings together classic writings on the economic nature and organization of firms, including works by Ronald Coase, Oliver Williamson, and Michael Jensen and William Meckling, as well as more recent contributions by Paul Milgrom, Bengt Holmstrom, John Roberts, Oliver Hart, Luigi Zingales, and others. Part I explores the general theme of the firm s nature and place in the market economy; Part II addresses the question of which transactions are integrated under a firm s roof and what limits the growth of firms; Part III examines employer-employee relations and the motivation of labor;...

This book brings together classic writings on the economic nature and organization of firms, including works by Ronald Coase, Oliver Williamson, and Michael Jensen and William Meckling, as well as more recent contributions by Paul Milgrom, Bengt Holmstrom, John Roberts, Oliver Hart, Luigi Zingales, and others. Part I explores the general theme of the firm s nature and place in the market economy; Part II addresses the question of which transactions are integrated under a firm s roof and what limits the growth of firms; Part III examines employer-employee relations and the motivation of labor;...