Fuzzy areas and firm boundaries

Authors

• Pradeep Banerjee

Document Type

Article

Abstract

The manner in which firms function has been studied by academic economists for some time now. Adam Smith, the doyen of economists, incorporated his evaluation of producing units in his Inquiry into the Nature and Causes of Wealth of Nations (1776). The other famous economist, Alfred Marshal also studied the operation of the market and firms that functioned in it. Marshal is credited with having laid down an important part of the methodology of microeconomics, a branch of economics that takes up the study of firms as part of its routine.

Recommended Citation

Banerjee, Pradeep (2001) "Fuzzy areas and firm boundaries," IIMB Management Review: Vol. 13: Iss. 2, Article 1.
Available at: https://research.iimb.ac.in/imr/vol13/iss2/1

Publication Date

6-1-2001

First Page

64

Last Page

67