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Information and Organization - A New Perspective on the Theory of the Firm | Oxford Scholarship Online
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Information and Organization: A New Perspective on the Theory of the Firm

Mark Casson

Abstract

Offers a vision of the economy as a system of structured information flow. The structuring is effected by institutions, and in particular, by firms, which specialize in processing the information needed to allocate resources properly. Market‐making firms that intermediate between producers and consumers by developing brands, are particularly important in this respect. Firms are the institutional embodiment of the visions of the entrepreneurs who found them. Firms grow and decline, creating a highly flexible structure of information processing in society, which evolves and adapts as circumstanc ... More

Keywords: Coordination, Entrepreneur, firm, Industrial Districts, information, intermediation, Markets, networks, Organization

Bibliographic Information

Print publication date: 2001 Print ISBN-13: 9780198297802
Published to Oxford Scholarship Online: November 2003 DOI:10.1093/0198297807.001.0001

Authors

Affiliations are at time of print publication.

Mark Casson, author
University of Reading
Author Webpage