Custom and the firm.

From: The American Journal of Economics and Sociology | Date: April 1, 2002| Author: | Copyright information

This comment is part at a symposium on Ekkehart Schlicht, On Custom in the Economy (1998) Oxford: Clarendon Press.

The chapter on the firm in Ekkehart Schlicht's On Custom and the Economy offers many valuable insights into the nature of the firm. The well-known recent views on the nature of the firm are clearly discussed, and Schlicht's innovative analysis makes an important contribution to the recent discussion on the firm. Below I address some issues concerning the conceptualization of the firm, the fuzziness of the concept, who should control the firm, what drives its evolution and ...

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