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The Function of Firms: Alternative Views

In: Microeconomics, Macroeconomics and Economic Policy

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  • Nina Shapiro

Abstract

Why are firms formed? What function do they perform? These questions continue to elude economics, which, in spite of the discarding of the ‘black box’ conception of the firm, and growth of a voluminous literature on the subject, is still ‘in search of a theory of the firm’ (Garrouste and Saussier, 2005).

Suggested Citation

  • Nina Shapiro, 2011. "The Function of Firms: Alternative Views," Palgrave Macmillan Books, in: Philip Arestis (ed.), Microeconomics, Macroeconomics and Economic Policy, chapter 1, pages 3-19, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-31375-0_1
    DOI: 10.1057/9780230313750_1
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