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In-House Counsel

: Law Department Management

Legal departments viewed as reducing transaction costs or increasing resource benefits: two theories of economists

By Rees Morrison

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The Economist, Dec. 18, 2010 at 134, contrasts the transaction-cost view of the business world with the resource-based view. Management theorists who champion the resource-based view ?argue that activities are conducted within firms not only because markets fail, but also...

Full post as published by Law Department Management on December 22, 2010 (boomark / email).

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