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Vor 3 Stunden · The economist Ronald Coase famously argued that people form firms because there are costs in using the price mechanism. Economically speaking, entering into a new contract for every relationship within a firm would be quite costly. Thus, the creation of a firm, which is based on long term contracts, would reduce overall transaction costs. Coase’s description of the origin of the firm is, I ...
Vor einem Tag · George Malcolm (1917–1997), Pianist, Cembalist, Dirigent und Komponist. Arthur Thomas Malkin (1803–1888), Pionier der Bergsteigerei und Schriftsteller. James Mallet (* 1955), Evolutionsbiologe und Entomologe. Mark Malloch Brown, Baron Malloch-Brown (* 1953), Politiker und stellvertretender Generalsekretär der Vereinten Nationen.
Vor einem Tag · Research - Home Management practices and the wealth of nations Tackling the UK's productivity puzzles Where are the lost entrepreneurs and inventors? Industrial and innovation policy The labour market: wages and firms Healthcare and the Economy: The time of COVID-19 and beyond Finance and Innovation Power in the firm Green Growth and Directed Technical Changes
