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Manufacture can be conducted is absolutely decentralised (on the basis of contracts
Between individuals) also that realisation of transaction attracts some costs,
The organisation of firms for realisation of actions, which in the opposite is inevitable
Case would be made through market transaction (certainly, if
Intrafirm costs it is less, than costs of market transaction). It
Defines that the firm buys, makes and sells. As
It is not surprising that the corresponding approach takes root into practice not without
Difficulties. We can understand the reasons of such relation to it, if is better
Let's consider not firm, but the market.
III. The Market
THOUGH economists declare that they investigate market job, in the modern
The market role is even less clear to the economic theory, than a firm role. At Alfreda
Marshall in "economy Bases" there is a head "About the markets", but it very much the general
Character also does not concern subjects, maybe, because has been postponed for
Jobs which has appeared, eventually, under the name "Trade and
The industry ". In modern textbooks establishment process is analyzed
Market prices, but consideration of the market has absolutely disappeared. And it not so
It is strange, as it seems. The markets represent the institutes existing for
Simplification of an exchange, i.e. They exist for reduction of costs for transaction
Exist, the markets have nothing to do, and it is represented absolutely reasonable business
Development of the theory of an exchange on an example of an exchange of nuts on apples between individuals,
Made on the fringe of the forest, or on the basis of other unreal example. This
The analysis, certainly, explains, why trade is favourable, but it does not mention
The factors defining scope of trade and type of the blessings in which trade. And when
Economists all the same speak about market structure, it has not something in common with
The market as institute, but concerns only such subjects, as number of firms,
Differentiation of products, etc., Thus, that influence of social institutes,
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