Martin Ricketts, a leading scholar in this field, has selected the
seminal papers from a variety of traditions that illustrate the
evolution of thinking on 'the firm' over a considerable period of
time. The firm as a vehicle for entrepreneurial initiative and the
exercise of business judgement is contrasted throughout with the
firm as a policing mechanism in response to known contractual
hazards. The selection is in three volumes that cover respectively
the general theoretical background; the ownership and scope of the
firm - its degree of vertical and transnational integration; and
agency issues relating to employee incentives and the control of
managers. This authoritative collection will provide a valuable
reference, of interest to students, postgraduates and professional
economists seeking an overview of the subject and its evolution.
General
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