Adaptation, Specialization, and the Theory of the Firm

This invaluable book provides the foundations for a new theory of the firm, drawing on Birger Wernerfelt''s landmark work on economic theory and the resource-based view of the firm. It addresses a vigorous and long-standing academic debate over what exactly a ''firm'' is, both in the field of management and economics. Wernerfelt revisits his classic articles, including an extensively revised ''A R...