The Nature of the Firm Revisited

  • Łukasz Chyla Institute of Private Company Law at the Faculty of Law and Administration of the Jagiellonian University
Keywords: Ronald Coase; transaction costs; the firm


Ronald Coase is considered the father of law and economics, the most famous economist among lawyers and the most famous lawyer among economists. The aim of the article is to present Ronald Coas' thoughts contained in his first famous work titled The Nature of The Firm in the contemporary economical context. The author presents Coase's profile and subjects his work to a critical analysis. Moreover, the aim of the article is to look at the theses contained in the Coase’s work from the point of view of the 21st century modern economy. The article is based mostly on academic literature.


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Chyla, Łukasz. (2021). The Nature of the Firm Revisited. Fundamental and Applied Researches in Practice of Leading Scientific Schools, 44(2), 30-38. Retrieved from