Tag: firms
All the articles with the tag "firms".
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When Corporations Became Too Big
Published: at 07:15 PMScale solved coordination problems. But beyond a certain point, scale creates new ones. This is the problem of diseconomies.
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Why Corporations Exist
Published: at 10:00 AMCorporations did not emerge by accident. They are coordination machines. In 2026, as transaction costs fall, we revisit why they exist — and what might be changing.