Costes de transacción vs costes de jerarquía en la provisión de bienes: una interpretación de la teoría smithiana*

Estrella Trincado Aznar

Revista de Historia Económica / Journal of Iberian and Latin American Economic History, 2007, vol. 25, issue 2, 261-292

Abstract: In Adam's Smith theory, economic hierarchies cannot reduce market transaction costs. To demonstrate this thesis, the article studies the definition of Smithian freedom, which makes any imposition on the independent and creative activity «costly». It also explains how Adam Smith treats the topic of the provision of private and public goods in the Wealth of the Nations. Therefore, on the one hand, the nature of the firm, which supplies private goods, is described; on the other hand, it studies the provision of public goods, that is to say, in the case of Smith's theory, the institutions that ease trade in general and the ones that ease the instruction of the people.

Date: 2007
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.cambridge.org/core/product/identifier/ ... type/journal_article link to article abstract page (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cup:reveco:v:25:y:2007:i:02:p:261-292_00

Access Statistics for this article

More articles in Revista de Historia Económica / Journal of Iberian and Latin American Economic History from Cambridge University Press Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK.
Bibliographic data for series maintained by Kirk Stebbing ().