11–14 of 14 posts
A fascinating update to the economics of the firm examines how peer production, mainly open source software development changes the fundamentals of this discussion. https://www.yalelawjournal.org/article/coases-penguin-or-lin... The quick summary from the same Yale Law Review post: “Peer production” is when many individuals use social signals to cooperate on large-scale projects without being paid or directed by mana…
A classic read! With smart contracts and other decentralized tech, the nature of the firm and it relationship with stakeholders is about to be utterly transformed. https://en.wikipedia.org/wiki/Theory_of_the_firm
http://www.harrowell.org.uk/blog/2018/01/31/in-the-eternal-i...
A classic read! With smart contracts and other decentralized tech, the nature of the firm and it relationship with stakeholders is about to be utterly transformed. https://en.wikipedia.org/wiki/Theory_of_the_firm
When you look around you may notice that there actually big trend towards centralization. Companies are getting bigger and bigger and the economy also concentrates around places like Silicon Valley and big cities.