The Firm, The Market, And The Law by Ronald H. Coase
This influential work delves into the intricate relationship between firms, markets, and legal frameworks, exploring how these entities interact to shape economic outcomes. It challenges traditional economic theories by emphasizing the significance of transaction costs and property rights in understanding the functioning of markets and the organization of firms. Through a series of essays, it presents a groundbreaking perspective on how legal structures and institutional arrangements influence economic efficiency and resource allocation, ultimately reshaping the landscape of economic thought.
- Published
- 1988
- Nationality
- British
- Length
- Short
- Pages
- 217
- Original Language
- English
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- Alternate Titles
- None
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