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Why do firms exist?

Geoff Riley

28th July 2017

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 

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

The challenge of big data to the standard corporation

Geoff Riley

Geoff Riley FRSA has been teaching Economics for over thirty 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 conferences in the UK and overseas.

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