The Nature of the Firm
"The Nature of the Firm" (1937) is an article by Ronald Coase published in the economics journal Economica. It offered an economic explanation of why individuals choose to form partnerships, companies, and other business entities rather than trading bilaterally through contracts on a market. The author was awarded the Nobel Memorial Prize in Economic Sciences in 1991 in part due to this paper. Despite the honor, the paper was written when Coase was an undergraduate and he described it later in life as "little more than an undergraduate essay."
The Nature of the Firm - Wikipedia Jump to content From Wikipedia, the free encyclopedia 1937 scholarly article by Ronald Coase " The Nature of the Firm " (1937) is an article by Ronald Coase published in the economics journal Economica . It offered an economic explanation of why individuals choose to form partnerships, companies, and other business entities rather than trading bilaterally through contracts on a market. The author was awarded the Nobel Memorial Prize in Economic Sciences in 1991 in part due to this paper. Despite the honor, the paper was written when Coase was an undergraduate
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