Abstract:

Because of the current global crisis, economics are required to redefine the concepts involved in traditional economic theory. The theory of the firm should yake into account certain specific realities of post-capitalist economics (state regulations, the importance of knowledge as a distinct resource, the implications of technological factors, such as computer networks, and so on). Some theoretical studies on the emergence of a firm in a market focus on the transaction costs (macroeconomic perspective); other studies suggest the type of rules/principles whose application could become a model for the organization of a business (microeconomic perspective). Our study suggests some connections between the two different approaches in the theory of the firm.