„The limit to the size of the firm is set where its costs of organizing a transaction become equal to the cost of carrying it out through the market. This determines what the firm buys, produces, and sells. As the concept of transaction costs is not usually used by economists, it is not surprising that an approach which incorporates it will find some difficulty in getting itself accepted. We can best understand this attitude if we consider not the firm but the market.“

1960s-1980s, "The Firm, the Market, and the Law" (1988)

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Ronald Coase Foto
Ronald Coase
britischer Ökonom und Nobelpreisträger für Wirtschaftswisse… 1910 - 2013

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Ronald H. Coase Foto

„Transaction costs were used in the one case to show that if they are not included in the analysis, the firm has no purpose, while in the other I showed, as I thought, that if transaction costs were not introduced into the analysis, for the range of problems considered, the law had no purpose.“

—  Ronald H. Coase, The Nature of the Firm

Ronald H. Coase (1988). "The Nature of the Firm: Influence." Journal of Law, Economics, and Organization 4 (No. 1, Spring): 33—47. p. 34; as cited in Eggertsson (1990; xiii)
1960s-1980s

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Ronald H. Coase Foto
Oliver E. Williamson Foto
Ronald H. Coase Foto
Steve Keen Foto

„Which comes first — price being set by the intersection of supply and demand, or individual firms equating marginal cost to price?“

—  Steve Keen Australian economist 1953

Quelle: Debunking Economics - The Naked Emperor Of The Social Sciences (2001), Chapter 4, Size Does Matter, p. 101

Ernesto Che Guevara Foto
Harold Demsetz Foto
Friedrich Hayek Foto

„The fundamental idea of transaction costs is that they consist of the cost of arranging a contract ex ante and monitoring and enforcing it ex post, as opposed to production costs, which are the costs of executing a contract.“

—  R. C. O. Matthews British economist 1927 - 2010

Quelle: "The Economics of Institutions and the Sources of Growth." 1986, p. 904; as cited in Eggertsson (1990; 14)

„The social structures of markets and the internal organisation of firms are best viewed as attempts to mitigate the effects of competition with other firms.“

—  Neil Fligstein American sociologist 1951

Quelle: Markets as politics: A political-cultural approach to market institutions, 1996, p. 657

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