Russ Robers over at Cafe Hayek has another good EconTalk episode. He talks with guest Mike Munger of Duke University on the Nature of the Firm. The concept that I took away from the conversation was that firms economize on transaction costs. This may sound a bit arcane, but take a listen anyway. You may appreciate the company you work for a little more.
Speaking of The Firm...
1 comment:
Dude!
Well done. Very, very well done.
I had not made the connection to "The Firm." But you are right.
Mike Munger
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