The steam-age corporation

Tom Lloyd

Chapter 3 in Business at a Crossroads, 2010, pp 51-68 from Palgrave Macmillan

Abstract: Abstract We have seen how the idea of trade and the dynamics of comparative advantage emerged from the economic logic of the human situation. Trade was a fire that, once lit, was sure to spread. Moreover, the trade idea brought with it other ideas, such as “price,” “exchange rate,” “profit” and “arbitrage.” Although not named as such until much later, all of these ideas were understood and probably widely discussed in the Stone Age.

Keywords: Agency Cost; Modern Commentary; Joint Stock Company; Salaried Manager; Harvard Business School (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-25098-7_4

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DOI: 10.1057/9780230250987_4

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