We are of course indebted to a large number of other colleagues and friends for discussions in seminars, conferences and in other settings over the years, and in particular to our colleagues at our respective academic institutions.
Finally, it is appropriate that the importance of learning as an activity within firms does emerge from the literature which this volume reports as a vital element missing in much of economics. We have both learned a lot as a result of OUP suggesting that we edit this collection, and not just about the academic subject but also about the amount of editorial work involved in producing a Reader. The task would appear a simple one, of choosing the readings and writing an introduction. Appearances can be deceptive. Personally we have enjoyed the hours spent reading and re-reading dozens of possible articles, although inevitably this is the sort of work which gets pushed into evenings and weekends, so we should thank our families for their patience: in the case of Buckley, Ann, eleven-year-old Alice, and seven- year-old Thomas; and in the case of Michie, Carolyn, plus six-year-old Alex, and nought-year-old Duncan.
Peter J. Buckley Jonathan Michie December 1995
Nicholas Kaldor, "'The Equilibrium of the Firm'", Economic Journal 44 ( 1934), pp. 60-76. Reprinted with the permission of Blackwell Publishers.
Ronald Coase, "'The Nature of the Firm'", Economica 4 ( 1937), pp. 386-405. Reprinted with the permission of Blackwell Publishers.
George Richardson, "'The Organization of Industry'", Economic Journal ( 1972), pp. 883-96. Reprinted with the permission of Blackwell Publishers.
A. A. Alchian and H. Demsetz, "'Production, Information and Economic Organization'", American Economic Review Vol. 62, ( 1972), pp. 777-95. Re- printed with permission of the American Economic Association.
M. C. Jensen, W. H. Meckling, "'The Theory of the Firm: Managerial Behaviour, Agency Costs and Ownership Structure'" in Journal of FinancialEconomics