Monday, June 28, 2010

Nearing the End: The Concept of the Corporation Chapter 2

As we near the end of this chapter, we’re led through a discussion how centralized firms or units can still be managed in a way that makes them responsive to market forces. It is pretty straightforward but does not really anticipate the argument that markets are merely producers of information and that an individual need not be present at the market to get the information.

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