The firm as alternative to the market
This is the expository task
It's the existence of firms not the intervening state
that definitively refutes market purism
Greenwald stiglitz needs to be reconfigured as the reason firms not states exist
Cousin joe likes to call it the " necessity for hierarchy " theorem and this gets the essence right
Contractor v employee
Bundles of mutually reinforcing incentives
Lead to these two complex set of agent principal relationships
