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Bosses Don't Wear Bunny Slippers: If Markets Are So Great, Why Are There Firms? | Library of Economics and Liberty
An easy to read introduction to the theory of firms. Of course firms do not need to be ‘hierarchical organizations that are internally directed by command and control.’ They could be cooperatively owned and operated by the workers.December 18, 2012 at 10:13:54 AM MST - permalink --
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http://www.econlib.org/library/Columns/y2008/Mungerfirms.html