Coordination and Information: Historical Perspectives on the Organization of Enterprise

Case studies that examine how firms coordinate economic activity in the face of asymmetric information—information not equally available to all parties—are the focus of this volume.

In an ideal world, the market would be the optimal provider of coordination, but in the real world of incomplete information, some activities are better coordinated in other ways. Divided into three parts, this book addresses coordination within firms, at the borders of firms, and outside firms, providing a picture of the overall incidence and logic of economic coordination. The case studies—drawn from the late nineteenth and early twentieth century, when the modern business enterprise was evolving, address such issues as the relationship between coordination mechanisms and production techniques, the logic of coordination in industrial districts, and the consequences of regulation for coordination.

Continuing the work on information and organization presented in the influential Inside the Business Enterprise, this book provides material for business historians and economists who want to study the development of the dissemination of information and the coordination of economic activity within and between firms.

1117299174
Coordination and Information: Historical Perspectives on the Organization of Enterprise

Case studies that examine how firms coordinate economic activity in the face of asymmetric information—information not equally available to all parties—are the focus of this volume.

In an ideal world, the market would be the optimal provider of coordination, but in the real world of incomplete information, some activities are better coordinated in other ways. Divided into three parts, this book addresses coordination within firms, at the borders of firms, and outside firms, providing a picture of the overall incidence and logic of economic coordination. The case studies—drawn from the late nineteenth and early twentieth century, when the modern business enterprise was evolving, address such issues as the relationship between coordination mechanisms and production techniques, the logic of coordination in industrial districts, and the consequences of regulation for coordination.

Continuing the work on information and organization presented in the influential Inside the Business Enterprise, this book provides material for business historians and economists who want to study the development of the dissemination of information and the coordination of economic activity within and between firms.

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Coordination and Information: Historical Perspectives on the Organization of Enterprise

Coordination and Information: Historical Perspectives on the Organization of Enterprise

Coordination and Information: Historical Perspectives on the Organization of Enterprise

Coordination and Information: Historical Perspectives on the Organization of Enterprise

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Overview

Case studies that examine how firms coordinate economic activity in the face of asymmetric information—information not equally available to all parties—are the focus of this volume.

In an ideal world, the market would be the optimal provider of coordination, but in the real world of incomplete information, some activities are better coordinated in other ways. Divided into three parts, this book addresses coordination within firms, at the borders of firms, and outside firms, providing a picture of the overall incidence and logic of economic coordination. The case studies—drawn from the late nineteenth and early twentieth century, when the modern business enterprise was evolving, address such issues as the relationship between coordination mechanisms and production techniques, the logic of coordination in industrial districts, and the consequences of regulation for coordination.

Continuing the work on information and organization presented in the influential Inside the Business Enterprise, this book provides material for business historians and economists who want to study the development of the dissemination of information and the coordination of economic activity within and between firms.


Product Details

ISBN-13: 9780226468587
Publisher: University of Chicago Press
Publication date: 12/01/2007
Series: National Bureau of Economic Research Conference Report
Sold by: Barnes & Noble
Format: eBook
Pages: 345
File size: 2 MB

About the Author

Naomi R. Lamoreaux is the Stanley B. Resor Professor of Economics and History at Yale University and a research associate of the NBER.

Table of Contents

Introduction: History and Theory in Search of One Another

Naomi R. Lamoreaux, Daniel M. G. Raff.

1: The Puzzling Profusion of Compensation Systems in the Interwar

Automobile Industry

Daniel M. G. Raff

Comment

Walter Licht

2: Industrial Engineering and the Industrial Enterprise, 1890-1940

Daniel Nelson

Comment

Michael J. Piore

3: The Coordination of Business Organization and Technological Innovation

within the Firm: A Case Study of the Thomson-Houston Electric Company in

the 1880s

W. Bernard Carlson

Comment

John Sutton

4: Organization and Coordination in Geographically Concentrated Industries

Michael J. Enright

Comment

Kenneth L. Sokoloff

5: The Boundaries of the U.S. Firm in R&D

David C. Mowery

Comment

Joel Mokyr

6: Legal Restraints on Economic Coordination: Antitrust in Great Britain

and America, 1880-1920

Tony Freyer

Comment

Victor P. Goldberg

7: The Evolution of Interregional Mortgage Lending Channels, 1870-1940: The

Life Insurance-Mortgage Company Connection

Kenneth A. Snowden

Comment

Timothy W. Guinnane

8: The Costs of Rejecting Universal Banking: American Finance in the German

Mirror, 1870-1914

Charles W. Calomiris

Comment

Peter Temin

Contributors

Name Index

Subject Index

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