Comment by vkou
2 years ago
> Committees and commissars do not do a better job.
Then why is internal governance and resource allocation inside companies done by committees and commissars and dictators, instead of by an unplanned free market?
2 years ago
> Committees and commissars do not do a better job.
Then why is internal governance and resource allocation inside companies done by committees and commissars and dictators, instead of by an unplanned free market?
That’s actually a really good question. I would direct you to Ronald Coase and other writing on the theory of the firm.
https://en.m.wikipedia.org/wiki/The_Nature_of_the_Firm
https://en.m.wikipedia.org/wiki/Theory_of_the_firm