Enrichment

Why do firms exist?

Geoff Riley

28th July 2017

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Ronald Coase’s classic article on the theory of the firm is explored in this special article from the Economist.

In a nutshell - Coase’s theory is that successful economies need both the benign dictatorship of the firm & the invisible hand of the market

Coase’s theory of the firm https://t.co/VO1pt7RlY2
— The Economist (@TheEconomist) July 28, 2017

Who needs shareholders - Greg Ip links to an article in the Wall Street Journal

Econ twitter: pls read @jmackin2 col on corps outsourcing R&D. Seems to violate Coase's theory of the firm, no? https://t.co/xez9paKUgR
— Greg Ip (@greg_ip) May 19, 2017

The challenge of big data to the standard corporation

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Geoff Riley

Geoff Riley FRSA has been teaching Economics for nearly forty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD and Revision conferences in the UK and overseas.

@tutor2uGeoff