We will examine the opportunities that were taken and those that were missed in the development of the mainstream economic theory of the firm over the period from 1920 to 2020. The 1920s were the earliest time when ideas that came to form part of the contemporary mainstream economic theories of the firm were put forward. The main ideas and people that have shaped – or, in several cases, not shaped - the history of the theory of the firm will be examined so that we can see how the theories have changed through time and how we got the theories we see today.
A history of the contemporary mainstream economic theory of the firm 1920 - 2020. A story of opportunities ... by Paul Walker