The Clarendon Law Lectures 3: Rethinking the Theory of the Firm
Tuesday, May 21, 2024
Economists discovered the firm as a serious object of inquiry only a century ago when Ronald Coase famously asked, why firms exist at all. Firms were benchmarked against markets, which gave us transaction cost economics and the incompleteness of contracts as foundations for the theory of the firm.
The Clarendon Law Lectures (1) 2024: The Non-Capitalist Enterprise
Friday, May 17, 2024
This is the first in a series of lectures given by Katharina Pistor for the Oxford University Faculty of Law in 2024.
Enterprises have been around for much of human history. They are formed when people join forces in pursuit of a common goal, for pooling skills and resources, diversify risk, or simply finding a way to sustain themselves and their families.