History of the Firm

In this course we will trace the history of firms from the Classical Age to the present, using theoretical and empirical economics to understand what makes a “firm,” how firms have been organized throughout history, why firm organization may differ across countries (e.g., early industrial firms in Europe vs. Latin America vs. the United States), and what firm structure implies for economic performance. Our discussion will rely on subfields like institutional economics, development, and finance. Final research papers will evaluate the organizational history of a single firm or the development of firm structures in an industry or country. (ECON 0211 and ECON 0240 or ECON 0255; or by approval) 3 hrs. sem.