Muchos piensan que los guatemaltecos debemos repudiar el derecho de propiedad, porque la propiedad privada solamente sirve para atropellar los derechos humanos. Esto no es cierto. 670 more words
Tags » Ronald Coase
Eugene Fama divides firms into two types: the managerial firm, and the entrepreneurial firm.
The owners of a managerial firm advance, withdraw, and redeploy capital, carry the residual investment risks of ownership and have the ultimate decision making rights over the fate of the firm (Klein 1999; Foss and Lien 2010; Fama 1980; Fama and Jensen 1983a, 1983b; Jensen and Meckling 1976). 1,008 more words
One constraint on the growth of any firm is entrepreneurs have a limited span of control (Coase 1937; Williamson 1967, Lucas 1978; Oi 1983a, 1983b). A span of control is the number of subordinates that an individual supervisor has to control and lead either directly or through a hierarchical managerial chain (Fox 2009). 317 more words
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1991 was awarded to Ronald H. Coase:
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for his discovery and clarification of the significance of transaction costs and property rights for the institutional structure and functioning of the economy…
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This neglect of other aspects of the system has been made easier by another feature of modern economic theory – the growing abstraction of the analysis, which does not seem to call for a detailed knowledge of the actual economic system or, at any rate, has managed to proceed without it.