This note is a part of my Zettelkasten. What is below might not be complete or accurate. It is also likely to change often.
20th July, 2020

The Nature of the Firm - Ronald H Coase

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?

Transaction costs lead to creation of Organizations

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.

Management costs limit the size of organizations

There are two main limitations to the size of organizations - its cost curve and its ability to manage operations effectively. Read more.