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Review
the evolution of the theory is interesting, several important issues are discussed, and the suggestions for future research are illuminating ... For those not familiar with this literature, the book provides a clear exposition of its origins and key ideas. (Business History )
Business History
`the evolution of the theory is interesting, several important issues are discussed, and the suggestions for future research are illuminating ... For those not familiar with this literature, the book provides a clear exposition of its origins and key ideas.'
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First Sentence
"The Nature of the Firm," the rudiments of which had already taken shape in Ronald Coase's mind and had appeared in his correspondence by 1932, was first published in 1937. Read the first page
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
"The Nature of the Firm," the rudiments of which had already taken shape in Ronald Coase's mind and had appeared in his correspondence by 1932, was first published in 1937. Read the first page
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Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Most Helpful Customer Reviews
Format:Paperback
Exceptional compilation of main pieces of work on the subject. Definitely all you need to read. However, differently from Ronald Coase, who writes very clear and easy, O. Williamson contribution are very difficult to read. Not badly written, just hard. My supervisor has the same opinion.
Most Helpful Customer Reviews on Amazon.com (beta)
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2 reviews
13 of 13 people found the following review helpful
Excellent Starting Point
23 Aug 2003
Format:Paperback
This book serves as an excellent introduction to the transaction cost motivated theories of the firm. The whole field started with the 1937 paper by Coase, which one can find here. Three other papers by Coase give a good background on how he came to write that paper and what its implications and influences are. His Nobel lecture is also included. They all make a nice reading and clear up some misunderstandings about Coase's work. Coase is an excellent writer.
The other papers are very good too. I especially liked the one by Harold Demsetz. It points out that there are some important shortcomings to the transactionialist view and outlines a alternative theory of the firm.
Almost all papers can be read without much knowledge about economics and without math, so anyone with an interest in the topic should take a look.
7 of 12 people found the following review helpful
Readings on the "Firm"
3 July 2000
Format:Paperback
The papers imprinted there include Coase's "The Nature of the Firm" and his Nobel Lecture as well. The works of O. Williamson, O. Hart, S. Rosen, S. Winter, etc on the nature of the firm are also there.
One thing worth to note is that three of the papers are the lectures given by Coase in the 1987 conference (which is due to the 50th anniversery of the publication of his "The Nature of the Firm") are also included. The sub-title of this book speaks for itself.
But I don't know why Cheung's "The Contractual Nature of the Firm" is omitted.
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