Interestingly, however, there is one last bastion of economic activity that proved remarkably resistant to the triumph of the market: firms, companies and, later, corporations. Think about it: market-societies, or capitalism, are synonymous with firms, companies, corporations. And yet, quite paradoxically, firms can be thought of as market-free zones. Within their realm, firms (like societies) allocate scarce resources (between different productive activities and processes). Nevertheless they do so by means of some non-price, more often than not hierarchical, mechanism!
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Guy from Seattle team we've been working with showed up today at work; no matter how much I'm generally comfortable working with remote teams (and I…
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Sean's back in town --- good fun working with nonremote teammates.
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Sean's in town at work, good times.
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