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The Theory of the Firm: Microeconomics with Endogenous Entrepreneurs, Firms, Markets, and Organizations Paperback – Apr 6 2009

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An Interesting Read Tackling a Long Wrestled-With Topic in Economics Nov. 26 2011
By Taylor Expansion - Published on
Format: Paperback Verified Purchase
This book takes a thought-provoking take on how and why "firms" exists along with what role they play in society. The definition used for the firm, "a transaction institution whose objectives are separate from those of its owners," while excluding important "consumer organizations" such as cooperatives, allows Spulber to create a unified theory of the firm that - as the title says - endogenizes entrepreneurs and thus firms. The best thing about this book (and the reason I think it will be interesting and useful to a wide array of enthusiasts and scholars) is its attention to unifying and summarizing the most important research involving firms and entrepreneurs.