Abstract
1. The transformation of human resources and non-human inputs into marketable products requires internal organization of economic activities. This remains true no matter how radically the forms of internal organization may change. Centrally organized traditional factories, disintegrated production and customer-oriented supply of goods and services based on modern logistics and communication technologies, or laboratories and networks dealing with the generation and distribution of information have in common that there is internal interaction of individuals as opposed to external transactions between economic subjects in markets. The most evident sign for this is the fact that firms and companies, not single individuals, are the important players in modern markets. In contrast to what some people seem to think, the role of internal organization is not disappearing but rather gaining importance. How else should one explain the many mergers or alliances observed in old as well as new economic sectors? And why else should it be reasonable for firms to expand their sphere of action by becoming a multinational or global enterprise?
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2002 Springer-Verlag Berlin Heidelberg
About this chapter
Cite this chapter
Falkinger, J. (2002). Summary. In: A Theory of Employment in Firms. Contributions to Economics. Physica, Heidelberg. https://doi.org/10.1007/978-3-7908-2649-4_8
Download citation
DOI: https://doi.org/10.1007/978-3-7908-2649-4_8
Publisher Name: Physica, Heidelberg
Print ISBN: 978-3-7908-1520-7
Online ISBN: 978-3-7908-2649-4
eBook Packages: Springer Book Archive