#5414
Mentioned in 3 episodes
The nature of the firm
Book • 1991
Ronald Coase's "The Nature of the Firm" is a highly influential article in economics, published in 1937.
It challenges the neoclassical assumption of perfect markets by examining the role of transaction costs in determining the boundaries of the firm.
Coase argues that firms exist because it is often cheaper to coordinate economic activity within a firm than through market transactions.
He emphasizes the importance of property rights and contract enforcement in facilitating efficient market exchange.
The article's enduring influence is seen in its continued relevance to debates about the organization of economic activity and the role of transaction costs.
It challenges the neoclassical assumption of perfect markets by examining the role of transaction costs in determining the boundaries of the firm.
Coase argues that firms exist because it is often cheaper to coordinate economic activity within a firm than through market transactions.
He emphasizes the importance of property rights and contract enforcement in facilitating efficient market exchange.
The article's enduring influence is seen in its continued relevance to debates about the organization of economic activity and the role of transaction costs.
Mentioned by
Mentioned in 3 episodes
Mentioned by 
Dwarkesh Patel
Tyler Cowen
264 snips
Tyler Cowen - Hayek, Keynes, & Smith on AI, Animal Spirits, Anarchy, & Growth
Mencionado por ![undefined]()
Joan Roca
58 snips
K177. Raul Gil. Negocios honestos
Im Podcast erwähnt als Ausgangspunkt für die Diskussion über Transaktionskosten und deren Bedeutung für die Organisation von Firmen und Staaten.
GS004 Der Mega Sonntag mit Philipp
