This note is a part of my Zettelkasten. What is below might not be complete or accurate. It
is also likely to change often.
This is a paper first published in 1937 by Ronald Chase, who won the Nobel Prize for economics for this along with Coase's Theorem
If Market are able to efficiently provide for whatever goods and services are needed, why even have Organizations and Corporations?
The existance of an Organization is required because Transaction costs of the market are often too high to run any operation of decent complexity directly using the free market. Read more.
There are two main limitations to the size of organizations - its cost curve and its ability to manage operations effectively. Read more.