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The Economic Nature of the Firm: A Reader by Randall S. Kroszner, Louis G. Putterman

The Economic Nature of the Firm: A Reader

by Randall S. Kroszner , Louis G. Putterman
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Book cover type: Paperback
  • ISBN13: 9780521141772
  • Binding: Paperback
  • Subject: N/A
  • Publisher: Cambridge University Press
  • Publisher Imprint: Cambridge University Press
  • Publication Date:
  • Pages: 400
  • Original Price: GBP 45.0
  • Language: English
  • Edition: 3 Revised edition
  • Item Weight: 545 grams
  • BISAC Subject(s): Economics / Microeconomics

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; and Part IV studies the firm's organization from the standpoint of financing and the relationship between owners and managers. The volume also includes a consolidated bibliography of sources cited by these authors and an introductory essay by the editors that surveys the new institutional economics of the firm and issues raised in the anthology. The collection aims to introduce the core literature to advanced undergraduates, business and economics graduate students, and scholars in allied disciplines, including law, sociology, and organization and management.

Kroszner, Randall S.: - Randall S. Kroszner is the Norman R. Bobins Professor of Economics at the University of Chicago's Booth School of Business, which he joined in 1990. He was a member of the President's Council of Economic Advisers in Washington, DC, from 2001 to 2003. From March 2006 to January 2009 Professor Kroszner served as a Governor on the Board of Governors of the Federal Reserve Board. A specialist in the regulation of banking and financial institutions, corporate governance, international financial crises, debt restructuring, and monetary economics, he served as director of the George J. Stigler Center for the Study of the Economy and editor of the Journal of Law and Economics. Professor Kroszner received his Ph.D. from Harvard University in 1990.

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