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.Motors stock from Bardolph, who bought it from Pistol, who bought it at 10, 000 removes from the heirs of Sir John Falstaff a who did, ... Factually, the stock buying and selling processes carried on through the exchanges have sentimental rather than functional connection with General Motors. ... The relation is about that of the buyer of a sweepstake ticket to the owner of a race horse whose performanceanbsp;...
|Title||:||The Firm as an Entity|
|Author||:||Yuri Biondi, Arnaldo Canziani, Thierry Kirat|
|Publisher||:||Routledge - 2008-03-25|