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What does remain from A1chian and Demsetz' contribution to the theory of the firm?

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  • Bruno TINEL

Abstract

This paper appraises, from the point of view of the history of economic thought, Alchian and Demsetz' contribution on the theory of the finn. This celebrated contribution can be considered partly as a reply to the "radical challenge" which occurred at the end of the 1960's. In spite of numerous quotations of Alchian and Dernsetz' paper, its real content has hardly been resumed, probably because of its internal limits and its too narrow focus. Finally, only the short passage on the specificity of the employment relationship will come down to posterity in the discussions concerning the sources of authority.

Suggested Citation

  • Bruno TINEL, 2004. "What does remain from A1chian and Demsetz' contribution to the theory of the firm?," Cahiers d’économie politique / Papers in Political Economy, L'Harmattan, issue 46, pages 67-89.
    • Handle: RePEc:cpo:journl:y:2004:i:46:p:67-89
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    JEL classification:

    • B21 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Microeconomics
    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • J41 - Labor and Demographic Economics - - Particular Labor Markets - - - Labor Contracts
    • J50 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - General
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure

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