The Nature of the Firm Oliver E. Williamson
In 1937 Ronald H. Coase published a classic paper, The Nature of the Firm. This classic study is discussed by Oliver E. Williamson and Sidney G. Winter as they address a topic of increasing importance in the field of economics: what is the nature of the firm in economic analysis? The study examines the impact on a firm's organization of the costs associated with producing and selling products.