Wednesday, January 16, 2008

The Firm

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:

Mungowitz said...


Well done. Very, very well done.

I had not made the connection to "The Firm." But you are right.

Mike Munger