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This stimulating research review analyses how the theory of the firm evolved from several core concepts and building blocks that underpin this important area of economics. It discusses a variety of perspectives from leading scholars in the field, including the basic elements of: risk and uncertainty; information and knowledge; bounded rationality and decision making; motives and incentives; resources and capabilities; and transactions. The review goes on to examine how the various elements are integrated into the modern Theory of the Firm with the notion of organization coming increasingly to the fore. It focuses on norms; rules and routines; the entrepreneur; governance; hierarchies; co-operation, teams and networks; innovation and appropriability. This comprehensive review will be an invaluable reference tool for all researchers and students with an interest in the modern theory of the firm, highlighting how it needs to evolve further to address the important management and policy issues of our time.
This authoritative literature review discusses a collection of classic and contemporary research articles examining the common ground that all academic economists share: the college classroom. The study analyses readings by leading authors covering all aspects of modern economic education research – from building theoretical models of student learning, to evaluating the long-run impact of economic knowledge on individual behavior. Specific attention is given to the growing literature that evaluates the effectiveness of modern technology and alternative pedagogies on student learning of economics. Written by an expert in the field, this review serves as a comprehensive guide for researchers who are interested in conducting classroom research.
Dedicated to the late Henry G. Manne, this authoritative research review surveys the development of law and economics both as a scholarly field and as an educational program. Starting as a niche area, centered primarily at the University of Chicago, law and economics has grown to be the dominant field in US legal scholarship. The influential articles discussed in this review trace that development from the mid-20th century through to today, focusing on both the personalities who laid the groundwork for the field’s success and the intellectual debates that fueled its growth. Written by two experts in the field, this review is a valuable research tool for academics and students interested in the history of law and economics.
