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These essays span the author's thirty years in professional economics. Fundamental papers on vertical (industrial) control, property rights, approaches to market behaviour, macroeconomic dynamics and the paper-money systems of 18th century British North America are revised and reappraised.
This volume features a series of essays which arose from a conference on economics, addressing the question: what is the nature of the firm in economic analysis? This paperback edition includes the Nobel Lecture of R.N. Case.