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A Brief Prehistory of the Theory of the Firm (Hardcover)
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A Brief Prehistory of the Theory of the Firm (Hardcover)
Series: Routledge Studies in the History of Economics
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The theory of the firm did not exist, in any serious manner, until
around 1970. Only then did the current theory of the firm
literature begin to emerge, based largely upon the work of Ronald
Coase and to a lesser degree Frank Knight. It was work by Armen
Alchian, Robert Crawford, Harold Demsetz, Michael Jensen, Benjamin
Klein, William Meckling and Oliver Williamson, among others, that
drove the upswing in interest in the firm among mainstream
economists. This accessible book provides a valuable overview of
the 'prehistory' of the firm. Spanning an impressive timeline, it
delves into Antiquity, the Medieval era, the pre-classical
economics period and the 19th and 20th centuries. Next, the book
traces the theoretical contributions from pre-classical, classical
and neoclassical economics. It will be illuminating reading for
students and researchers of the history of economic thought,
industrial organization, microeconomic theory and business history.
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