The Nature of the Firm: Origins, Evolution, and Development

In 1937 Ronald H. Coase published a classic paper, "The Nature of the Firm." This classic study is discussed by Oliver E. Williamson and Sidney G. Winter as they address a topic of increasing importance in the field of economics: what is the nature of the firm in economic analysis? The study examines the impact on a firm's organization of the costs associated with producing and selling products.