IESE Research Papers,
IESE Business School

Abstract: Since Coase's (1937) pioneering article, the theory of the firm, especially in its neoclassical form, has developed tremendously. The criticisms leveled against it confirm its interest and usefulness - which is not to say that it cannot be improved upon or corrected in many respects. This chapter is intended to contribute to a broadening of the theory of the firm, starting from a theory of human action that encompasses a wide range of motivations. It also suggests specific ways in which the conception of the firm can be improved.

Keywords: Action; Action theory; Firm; Motivations; Organization; Theory of the firm

20 pages, April 9, 2010

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