Abstract
The study of economic change -- including technological change -- has long been a subject of fascination to economists. It is also a subject that has proven refractory to most attempts to capture it adequately. This essay is an attempt to walk a small piece of this difficult ground. Specifically, it aims to examine the problems that economic change poses for the explanation of the organization of firms. By this I mean the problem of explaining the boundaries of the firm -- explaining the extent of internal organization or vertical integration.
Reprinted from the Journal of Institutional and Theoretical Economics (ZgS) Vol. 144, No. 4, September 1988, pp. 635–657, by kind permission of the publisher, J. C. B. Mohr (Paul Siebeck).
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Langlois, R.N. (1989). Economic Change and the Boundaries of the Firm. In: Carlsson, B. (eds) Industrial Dynamics. Studies in Industrial Organization, vol 10. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-1075-1_4
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