"Our advice to anyone interested in organizations and organization theory is don't miss this book. It includes some of the past, present, and future of a major line of thought regarding the nature of the firm. It is an important contribution to the expanding interest in organization theory."--Journal of Management
"Particularly timely given Coase's receipt of the 1991 Nobel Prize for economics....For students and noneconomists, the volume provides an accessible route into the now enormous literature on economic organization....Specialists, on the other hand, will find ample grist for their analytical mills."--Business History Review
"The evolution of the theory is interesting, several important issues are discussed, and the suggestions for future research are illuminating. For those not familiar with this literature, the book provides a clear exposition of its origins and key ideas."--Business History
"Many of the papers are exccellent. The book is accessible to advanced undergraduates and graduate students and valuable for specialists in the field. It is that rare conference volume which is interesting, enlightening, and important."--Journal of Economic Literature
"A lively debate on economic approaches to the firm....It is unlikely that there is a better book than this one for understanding what the economics mainstream and periphery have to say today on the organization and governance of the firm."--Administrative Science Quarterly
About the Author
Oliver D. Hart, who recently delivered the Clarendon Lectures in Economics at Oxford, is at Massachusetts Institute of Technology, as is Paul L. Joskow. Benjamin Klein is at the University of California, Los Angeles; Scott E. Masten is at the University of Michigan; and Sherwin Rosen is at the University of Chicago.