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Ronald Coase’S €Œnature Of The Firm†And The Argument For Economic Planning

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  • BYLUND, PER L.

Abstract

Ronald Coase was in his early twenties when he developed his groundbreaking theory of the firm. This theory represented a new approach with no obvious precursors, but from where did it arise? This article traces the origins of Coase’s theory of the firm and provides a context for its formation. I argue that Coase’s arguments were rooted in the exchange of ideas in the Socialist Calculation Debate, and that, in this context, one could read his theory of the firm as an argument in defense of economic planning.

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  • Bylund, Per L., 2014. "Ronald Coase’S €Œnature Of The Firm†And The Argument For Economic Planning," Journal of the History of Economic Thought, Cambridge University Press, vol. 36(3), pages 305-329, September.
    • Handle: RePEc:cup:jhisec:v:36:y:2014:i:03:p:305-329_00
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    Cited by:

    1. Per L. Bylund, 2015. "Signifying Williamson's Contribution to the Transaction Cost Approach: An Agent-Based Simulation of Coasean Transaction Costs and Specialization," Journal of Management Studies, Wiley Blackwell, vol. 52(1), pages 148-174, January.
    2. Ennio E. Piano & Louis Rouanet, 2020. "Economic calculation and the organization of markets," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 33(3), pages 331-348, September.
    3. Elodie Bertrand, 2015. "From the Firm to Economic Policy: The Problem of Coase's Cost," Post-Print hal-03512866, HAL.

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