The Nature of the Firm

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description: a paper wrote by Ronald Coase

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The Age of Extraction: How Tech Platforms Conquered the Economy and Threaten Our Future Prosperity

by Tim Wu  · 4 Nov 2025  · 246pp  · 65,143 words

Beat Big Media, Big Government, and Other Goliaths (Nashville: Thomas Nelson, 2006). BACK TO NOTE REFERENCE 3 Yochai Benkler, “Coase’s Penguin, or, Linux and “The Nature of the Firm,” Yale Law Journal 112, no. 3 (2002). BACK TO NOTE REFERENCE 4 As mentioned in the preamble to Part I. BACK TO NOTE REFERENCE 5

The Limits of the Market: The Pendulum Between Government and Market

by Paul de Grauwe and Anna Asbury  · 12 Mar 2017

Money Can’t Buy: The Moral Limits of Markets (London: Allen Lane, ). . Kenneth J. Arrow, ‘Gifts and exchanges’, Philosophy and Public Affairs, / (), pp. –. . Ronald Coase, ‘ The Nature of the Firm’, Economica, / (November ), pp. –. . See Frans de Waal, Our Inner Ape: The Best and Worst of Human Nature (London: Granta Books, ). See also Matt Ridley, The

Reinventing Discovery: The New Era of Networked Science

by Michael Nielsen  · 2 Oct 2011  · 400pp  · 94,847 words

got me (and many others) interested in open source, and it remains well worth reading. Yochai Benkler’s insightful “Coase’s Penguin, or, Linux and The Nature of the Firm” [12] and The Wealth of Networks [13] have strongly influenced much thinking about open source, especially in the academic community. Finally, I recommend Ned Gulley

conventional markets and conventional organizations: a related point has been made by the theorist Yochai Benkler in his article “Coase’s Penguin, or, Linux and The Nature of the Firm [12].” Benkler has a different focus, being concerned not so much with the solution of creative problems as with the production of goods. He proposes

and Its Rivals Rewrote the Rules of Business and Transformed Our Culture. Boston: Nicholas Brealey, 2005. [12] Yochai Benkler. Coase’s penguin, or, Linux and The Nature of the Firm. The Yale Law Journal, 112:369–446, 2002. [13] Yochai Benkler. The Wealth of Networks. New Haven: Yale University Press, 2006. [14] Tim Berners-Lee

Speaking Code: Coding as Aesthetic and Political Expression

by Geoff Cox and Alex McLean  · 9 Nov 2012

, “Modes of Creativity and the Register of Ownership,” 41. 43. Yochai Benkler, “Coase’s Penguin, or, Linux and the Nature of the Firm,” in Ghosh, Code, 169. He is referring to the economist Ronald Coase’s essay “The Nature of the Firm,” of 1937. 44. Michel Bauwens, “The Social Web and Its Social Contracts: Some Notes on Social Antagonism in

The Googlization of Everything:

by Siva Vaidhyanathan  · 1 Jan 2010  · 281pp  · 95,852 words

of Networks: How Social Production Transforms Markets and Freedom (New Haven, CT: Yale University Press, 2006). 20. Yochai Benkler, “Coase’s Penguin, or, Linux and the Nature of the Firm,” Yale Law Journal 112, no. 3 (2002): 369–446. 21. Daniel O. O’Connor and Henry Voos, “Laws, Theory Construction and Bibliometrics,” Library Trends 30

Cognitive Surplus: Creativity and Generosity in a Connected Age

by Clay Shirky  · 9 Jun 2010  · 236pp  · 66,081 words

Irrational: The Hidden Forces That Shape Our Decisions (New York: Harper, 2008). 119 commons-based peer production: Yochai Benkler, “Coase’s Penguin, or, Linux and the Nature of the Firm,” Yale Law Journal 112 (2002): 371-99. 120 Napster users could share a list of the songs: Spencer E. Ante, “Napster’s Shawn Fanning: The

What's Mine Is Yours: How Collaborative Consumption Is Changing the Way We Live

by Rachel Botsman and Roo Rogers  · 2 Jan 2010  · 411pp  · 80,925 words

to unload on a neighbor. The transaction costs to ensure they were kept in use, not in landfill, would have been high. In his paper “The Nature of the Firm,” economist and Nobel laureate Ronald Coase coined the term “transaction costs” to refer to the cost of making any form of exchange or participating in

State-Building: Governance and World Order in the 21st Century

by Francis Fukuyama  · 7 Apr 2004

, DC: CATO Institute). Chandler, Alfred D. 1977. The Visible Hand: The Managerial Revolution in American Business (Cambridge, MA: Harvard University Press). Coase, Ronald H. 1937. “The Nature of the Firm,” Economica 6: 386–405. Cohen, Michael D., and March, James G., et al. 1972. “A Garbage Can Model of Organizational Choice,” Administrative Science Quarterly 17

, Oliver E. 1975. Markets and Hierarchies: Analysis and Antitrust Implications (New York: Free Press). ——. 1985. The Economic Institutions of Capitalism (New York: Free Press). ——. 1993. The Nature of the Firm: Origins, Evolution and Development (Oxford, England: Oxford University Press). Williamson, Roger. 1998. Some Corner of a Foreign Field: Intervention and World Order (New York: St

Peers Inc: How People and Platforms Are Inventing the Collaborative Economy and Reinventing Capitalism

by Robin Chase  · 14 May 2015  · 330pp  · 91,805 words

what had been raised in 2012.5 What is happening? The Internet has eliminated a key corporate competitive advantage. In 1937, in the influential essay “The Nature of the Firm,” British economist Ronald Coase wrote that the corporation was invented to do things that individuals and small companies couldn’t do. In particular, small companies

Liars and Outliers: How Security Holds Society Together

by Bruce Schneier  · 14 Feb 2012  · 503pp  · 131,064 words

in the Relative Importance of the Large Corporation in American Economic Life,” The American Economic Review, 21:10–42. Ronald Coase first Ronald Coase (1937), “The Nature of the Firm,” Economica, 4:386–405. Nick Leeson's Richard W. Stevenson (28 Feb 1995), “The Collapse of Barings: The Overview: Young Trader's $29 Billion Bet

You've Been Played: How Corporations, Governments, and Schools Use Games to Control Us All

by Adrian Hon  · 14 Sep 2022  · 371pp  · 107,141 words

Anarchy State and Utopia

by Robert Nozick  · 15 Mar 1974  · 524pp  · 146,798 words

Adam Smith: Father of Economics

by Jesse Norman  · 30 Jun 2018

Work in the Future The Automation Revolution-Palgrave MacMillan (2019)

by Robert Skidelsky Nan Craig  · 15 Mar 2020

Radical Uncertainty: Decision-Making for an Unknowable Future

by Mervyn King and John Kay  · 5 Mar 2020  · 807pp  · 154,435 words

The Quest: Energy, Security, and the Remaking of the Modern World

by Daniel Yergin  · 14 May 2011  · 1,373pp  · 300,577 words

What's Wrong With Economics: A Primer for the Perplexed

by Robert Skidelsky  · 3 Mar 2020  · 290pp  · 76,216 words

Common Knowledge?: An Ethnography of Wikipedia

by Dariusz Jemielniak  · 13 May 2014  · 312pp  · 93,504 words

Working in Public: The Making and Maintenance of Open Source Software

by Nadia Eghbal  · 3 Aug 2020  · 1,136pp  · 73,489 words

Superintelligence: Paths, Dangers, Strategies

by Nick Bostrom  · 3 Jun 2014  · 574pp  · 164,509 words

The Bitcoin Standard: The Decentralized Alternative to Central Banking

by Saifedean Ammous  · 23 Mar 2018  · 571pp  · 106,255 words

The Wisdom of Crowds

by James Surowiecki  · 1 Jan 2004  · 326pp  · 106,053 words

Remix: Making Art and Commerce Thrive in the Hybrid Economy

by Lawrence Lessig  · 2 Jan 2009

To Save Everything, Click Here: The Folly of Technological Solutionism

by Evgeny Morozov  · 15 Nov 2013  · 606pp  · 157,120 words

The Innovators: How a Group of Inventors, Hackers, Geniuses and Geeks Created the Digital Revolution

by Walter Isaacson  · 6 Oct 2014  · 720pp  · 197,129 words

The Zero Marginal Cost Society: The Internet of Things, the Collaborative Commons, and the Eclipse of Capitalism

by Jeremy Rifkin  · 31 Mar 2014  · 565pp  · 151,129 words

Trade Wars Are Class Wars: How Rising Inequality Distorts the Global Economy and Threatens International Peace

by Matthew C. Klein  · 18 May 2020  · 339pp  · 95,270 words

Superminds: The Surprising Power of People and Computers Thinking Together

by Thomas W. Malone  · 14 May 2018  · 344pp  · 104,077 words

The Future of the Internet: And How to Stop It

by Jonathan Zittrain  · 27 May 2009  · 629pp  · 142,393 words

Makers

by Chris Anderson  · 1 Oct 2012  · 238pp  · 73,824 words

The End of Power: From Boardrooms to Battlefields and Churches to States, Why Being in Charge Isn’t What It Used to Be

by Moises Naim  · 5 Mar 2013  · 474pp  · 120,801 words

The Market for Force: The Consequences of Privatizing Security

by Deborah D. Avant  · 17 Oct 2010  · 872pp  · 135,196 words

Extreme Money: Masters of the Universe and the Cult of Risk

by Satyajit Das  · 14 Oct 2011  · 741pp  · 179,454 words

Humans as a Service: The Promise and Perils of Work in the Gig Economy

by Jeremias Prassl  · 7 May 2018  · 491pp  · 77,650 words

Wall Street: How It Works And for Whom

by Doug Henwood  · 30 Aug 1998  · 586pp  · 159,901 words

Private Government: How Employers Rule Our Lives (And Why We Don't Talk About It)

by Elizabeth S. Anderson  · 22 May 2017  · 205pp  · 58,054 words

Capital in the Twenty-First Century

by Thomas Piketty  · 10 Mar 2014  · 935pp  · 267,358 words

How Boards Work: And How They Can Work Better in a Chaotic World

by Dambisa Moyo  · 3 May 2021  · 272pp  · 76,154 words

The Last Tycoons: The Secret History of Lazard Frères & Co.

by William D. Cohan  · 25 Dec 2015  · 1,009pp  · 329,520 words

Skin in the Game: Hidden Asymmetries in Daily Life

by Nassim Nicholas Taleb  · 20 Feb 2018  · 306pp  · 82,765 words

The Blockchain Alternative: Rethinking Macroeconomic Policy and Economic Theory

by Kariappa Bheemaiah  · 26 Feb 2017  · 492pp  · 118,882 words

What Would Google Do?

by Jeff Jarvis  · 15 Feb 2009  · 299pp  · 91,839 words

Six Degrees: The Science of a Connected Age

by Duncan J. Watts  · 1 Feb 2003  · 379pp  · 113,656 words

Here Comes Everybody: The Power of Organizing Without Organizations

by Clay Shirky  · 28 Feb 2008  · 313pp  · 95,077 words

Corporate Warriors: The Rise of the Privatized Military Industry

by Peter Warren Singer  · 1 Jan 2003  · 482pp  · 161,169 words

Machine, Platform, Crowd: Harnessing Our Digital Future

by Andrew McAfee and Erik Brynjolfsson  · 26 Jun 2017  · 472pp  · 117,093 words

The Fissured Workplace

by David Weil  · 17 Feb 2014  · 518pp  · 147,036 words

The Golden Passport: Harvard Business School, the Limits of Capitalism, and the Moral Failure of the MBA Elite

by Duff McDonald  · 24 Apr 2017  · 827pp  · 239,762 words

The Sharing Economy: The End of Employment and the Rise of Crowd-Based Capitalism

by Arun Sundararajan  · 12 May 2016  · 375pp  · 88,306 words

What's Yours Is Mine: Against the Sharing Economy

by Tom Slee  · 18 Nov 2015  · 265pp  · 69,310 words

Reinventing the Bazaar: A Natural History of Markets

by John McMillan  · 1 Jan 2002  · 350pp  · 103,988 words

Rebooting India: Realizing a Billion Aspirations

by Nandan Nilekani  · 4 Feb 2016  · 332pp  · 100,601 words

Trust: The Social Virtue and the Creation of Prosperity

by Francis Fukuyama  · 1 Jan 1995  · 585pp  · 165,304 words

The Wealth of Humans: Work, Power, and Status in the Twenty-First Century

by Ryan Avent  · 20 Sep 2016  · 323pp  · 90,868 words

Radical Markets: Uprooting Capitalism and Democracy for a Just Society

by Eric Posner and E. Weyl  · 14 May 2018  · 463pp  · 105,197 words

Culture and Prosperity: The Truth About Markets - Why Some Nations Are Rich but Most Remain Poor

by John Kay  · 24 May 2004  · 436pp  · 76 words

The Long Twentieth Century: Money, Power, and the Origins of Our Times

by Giovanni Arrighi  · 15 Mar 2010  · 7,371pp  · 186,208 words

Principles of Corporate Finance

by Richard A. Brealey, Stewart C. Myers and Franklin Allen  · 15 Feb 2014

The Wealth of Networks: How Social Production Transforms Markets and Freedom

by Yochai Benkler  · 14 May 2006  · 678pp  · 216,204 words

WTF?: What's the Future and Why It's Up to Us

by Tim O'Reilly  · 9 Oct 2017  · 561pp  · 157,589 words

Whiplash: How to Survive Our Faster Future

by Joi Ito and Jeff Howe  · 6 Dec 2016  · 254pp  · 76,064 words

Licence to be Bad

by Jonathan Aldred  · 5 Jun 2019  · 453pp  · 111,010 words

Ghost Work: How to Stop Silicon Valley From Building a New Global Underclass

by Mary L. Gray and Siddharth Suri  · 6 May 2019  · 346pp  · 97,330 words

Hacking Capitalism

by Söderberg, Johan; Söderberg, Johan;

Big Business: A Love Letter to an American Anti-Hero

by Tyler Cowen  · 8 Apr 2019  · 297pp  · 84,009 words

Smarter Than You Think: How Technology Is Changing Our Minds for the Better

by Clive Thompson  · 11 Sep 2013  · 397pp  · 110,130 words

Slouching Towards Utopia: An Economic History of the Twentieth Century

by J. Bradford Delong  · 6 Apr 2020  · 593pp  · 183,240 words

The Code of Capital: How the Law Creates Wealth and Inequality

by Katharina Pistor  · 27 May 2019  · 316pp  · 117,228 words

Exponential: How Accelerating Technology Is Leaving Us Behind and What to Do About It

by Azeem Azhar  · 6 Sep 2021  · 447pp  · 111,991 words

Transaction Man: The Rise of the Deal and the Decline of the American Dream

by Nicholas Lemann  · 9 Sep 2019  · 354pp  · 118,970 words

Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business, and the World

by Don Tapscott and Alex Tapscott  · 9 May 2016  · 515pp  · 126,820 words

Fred Schwed's Where Are the Customers' Yachts?: A Modern-Day Interpretation of an Investment Classic

by Leo Gough  · 22 Aug 2010  · 117pp  · 31,221 words

The Power of Pull: How Small Moves, Smartly Made, Can Set Big Things in Motion

by John Hagel Iii and John Seely Brown  · 12 Apr 2010  · 319pp  · 89,477 words

Why Information Grows: The Evolution of Order, From Atoms to Economies

by Cesar Hidalgo  · 1 Jun 2015  · 242pp  · 68,019 words

The Sovereign Individual: How to Survive and Thrive During the Collapse of the Welfare State

by James Dale Davidson and William Rees-Mogg  · 3 Feb 1997  · 582pp  · 160,693 words

The Firm

by Duff McDonald  · 1 Jun 2014  · 654pp  · 120,154 words

Aerotropolis

by John D. Kasarda and Greg Lindsay  · 2 Jan 2009  · 603pp  · 182,781 words

Why We Can't Afford the Rich

by Andrew Sayer  · 6 Nov 2014  · 504pp  · 143,303 words

The Wisdom of Finance: Discovering Humanity in the World of Risk and Return

by Mihir Desai  · 22 May 2017  · 239pp  · 69,496 words

The Darwin Economy: Liberty, Competition, and the Common Good

by Robert H. Frank  · 3 Sep 2011

Governing the Commons: The Evolution of Institutions for Collective Action

by Elinor Ostrom  · 29 Nov 1990

Open Standards and the Digital Age: History, Ideology, and Networks (Cambridge Studies in the Emergence of Global Enterprise)

by Andrew L. Russell  · 27 Apr 2014  · 675pp  · 141,667 words

The Precariat: The New Dangerous Class

by Guy Standing  · 27 Feb 2011  · 209pp  · 89,619 words

Social Life of Information

by John Seely Brown and Paul Duguid  · 2 Feb 2000  · 791pp  · 85,159 words

Rentier Capitalism: Who Owns the Economy, and Who Pays for It?

by Brett Christophers  · 17 Nov 2020  · 614pp  · 168,545 words

Markets, State, and People: Economics for Public Policy

by Diane Coyle  · 14 Jan 2020  · 384pp  · 108,414 words

The People's Republic of Walmart: How the World's Biggest Corporations Are Laying the Foundation for Socialism

by Leigh Phillips and Michal Rozworski  · 5 Mar 2019  · 202pp  · 62,901 words

Reinventing Capitalism in the Age of Big Data

by Viktor Mayer-Schönberger and Thomas Ramge  · 27 Feb 2018  · 267pp  · 72,552 words

Frugal Innovation: How to Do Better With Less

by Jaideep Prabhu Navi Radjou  · 15 Feb 2015  · 400pp  · 88,647 words

The Innovation Illusion: How So Little Is Created by So Many Working So Hard

by Fredrik Erixon and Bjorn Weigel  · 3 Oct 2016  · 504pp  · 126,835 words

When McKinsey Comes to Town: The Hidden Influence of the World's Most Powerful Consulting Firm

by Walt Bogdanich and Michael Forsythe  · 3 Oct 2022  · 689pp  · 134,457 words

Vulture Capitalism: Corporate Crimes, Backdoor Bailouts, and the Death of Freedom

by Grace Blakeley  · 11 Mar 2024  · 371pp  · 137,268 words

What Happened to Goldman Sachs: An Insider's Story of Organizational Drift and Its Unintended Consequences

by Steven G. Mandis  · 9 Sep 2013  · 413pp  · 117,782 words

Company: A Short History of a Revolutionary Idea

by John Micklethwait and Adrian Wooldridge  · 4 Mar 2003  · 196pp  · 57,974 words

After the Gig: How the Sharing Economy Got Hijacked and How to Win It Back

by Juliet Schor, William Attwood-Charles and Mehmet Cansoy  · 15 Mar 2020  · 296pp  · 83,254 words