Economic Nature of the Firm A Reader

ISBN-10: 052114177X
ISBN-13: 9780521141772
Edition: 3rd 2009
List price: $79.95 Buy it from $11.75
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Book details

List price: $79.95
Edition: 3rd
Copyright year: 2009
Publisher: Cambridge University Press
Publication date: 9/21/2009
Binding: Paperback
Pages: 400
Size: 6.00" wide x 8.75" long x 1.00" tall
Weight: 1.188
Language: English

Randall S. Kroszner is Norman R. Bobins Professor of Economics in the University of Chicago's Booth School of Business. He served as a Governor of the Federal Reserve System from March 2006 until January 2009.

Preface: reintroducing the economic nature of the firm
Within and Among Firms: The Division of Labor
From The Wealth of Nations
From Capital Karl Marx
From Risk, Uncertainty and Profit
From The Modern Corporation and Private Property
The use of knowledge in society
Corporate governance
The Nature of the Firm
The nature of the firm Ronald Coase
Vertical integration, appropriable rents, and the competitive contracting process
The governance of contractual relations
The limits of firms: incentive and bureaucratic features
Bargaining costs, influence costs, and the organization of economic activity
The boundaries of the firm revisited
The Employment Relation, the Human Factor and Internal Organization
Production, information costs, and economic organization
Contested exchange new microfoundations for the political economy of capitalism
Understanding the employment relation: the analysis of idiosyncratic exchange
Multitask principal-agent analyses: incentive contracts, asset ownership, and job design
Work motivation
From Worker Participation
Finance and the Control of the Firm
Mergers and the market for corporate control
Agency problems and the theory of the firm
Theory of the firm: managerial behavior, agency costs, and ownership structure
Organizational forms and investment decisions
The rise in managerial stock ownership
Executive compensation as an agency problem
An economist's perspective on the theory of the firm
Ownership and the nature of the firm

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