The book enhances current economic understanding of the firm as
an institution and an organization, looking beyond the narrow
boundaries of neoclassical economics to an interdisciplinary
approach based on accounting and law as well as economics itself.
It represents the first synthesis of the authors' research work on
the subject and provides the groundwork for the development of a
comprehensive framework centred on the firm as an entity.
The volume starts with a synthesis and a critique of the current
state of the different economic theories of the firm and further
develops them through new insights and neglected lessons from
different traditions of thought.
The economic theory and analysis of the firm is given new life
here by looking at the firm as a whole: as an institution and an
organization, which has special functions and a distinct role in
the economy and society.
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