| A Research into the Firm and the Firm Institutions Abstraction: In this dissertation, I kept to the basic view point of Marxism, used the theories of firm to discuss the origin and nature of the firm, and I also studied what reasons cause the arrangement and involvement of the firm institutions, how the firm institutions form and how they work. Through these studies, I tried to prove these conclusions as below: Firstly, it was the development of division of labor and exchange economy that gave birth to the firm; the firm is not the substitute for the market but the subsiitute for domestic economy. Division of labor, cooperation and contracted economic relationship are the remarkable differences between family and firm. Secondly, the firm is composed by a series of specific contracts. The particularities of firm contracts are the basic symbol that different from market. And because of its particularities that enable the firm has the ability to fulfill those transactions that can't be carried out (or the transaction cost are too high) through market exchange. The functions of producing good, determining the price of production factors and saving the transaction cost make firm the important complementarity and substitute to market. The firm and the market system are both the basis of the market economy. Thirdly, efficiency is the inner logic that causes the arrangement and involvement of firm institutions. Fourthly, the concrete arrangement of firm institutions are determined by the characteristics of those production factors, the importance of these factors and the supervision cost of these factor's owner are the main reasons that determine the distribution of power and benefit in firm. Lastly, the change of cost and revenue in firm is the inner foundation of the involvement of firm institutions. And, the involvement of firm institutions is also deeply influenced by the market development condition and the superstructure. Written by: LI Hao Tutor: Professor GAO Lin-Yuan2001. 3. 18... |
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