The Nature of the Firm

R. H. Coase

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quote “The normal economic system works itself. For its current operation it is under no central control, it needs no central survey. Over the whole range of human activity and human need, supply is adjusted to demand, and production to consumption, by a process that is automatic, elastic and responsive.” on 6/10/2019, 11:59:35 AM

quote islands of conscious power in this ocean of unconscious co‐operation like lumps of butter coagulating in a pail of buttermilk. on 6/10/2019, 11:59:59 AM

references Dennis Robertson on 9/5/2021, 9:32:07 PM

Market Microstructure and Intermediation cites The Nature of the Firm on 6/10/2019, 11:57:22 AM

The Company references The Nature of the Firm on 9/5/2021, 9:30:25 PM