Skip to main content

Part of the book series: Contributions to Economics ((CE))

  • 95 Accesses

Abstract

1. The transformation of human resources and non-human inputs into marketable products requires internal organization of economic activities. This remains true no matter how radically the forms of internal organization may change. Centrally organized traditional factories, disintegrated production and customer-oriented supply of goods and services based on modern logistics and communication technologies, or laboratories and networks dealing with the generation and distribution of information have in common that there is internal interaction of individuals as opposed to external transactions between economic subjects in markets. The most evident sign for this is the fact that firms and companies, not single individuals, are the important players in modern markets. In contrast to what some people seem to think, the role of internal organization is not disappearing but rather gaining importance. How else should one explain the many mergers or alliances observed in old as well as new economic sectors? And why else should it be reasonable for firms to expand their sphere of action by becoming a multinational or global enterprise?

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Subscribe and save

Springer+ Basic
EUR 32.99 /Month
  • Get 10 units per month
  • Download Article/Chapter or eBook
  • 1 Unit = 1 Article or 1 Chapter
  • Cancel anytime
Subscribe now

Buy Now

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 39.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 54.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Author information

Authors and Affiliations

Authors

Rights and permissions

Reprints and permissions

Copyright information

© 2002 Springer-Verlag Berlin Heidelberg

About this chapter

Cite this chapter

Falkinger, J. (2002). Summary. In: A Theory of Employment in Firms. Contributions to Economics. Physica, Heidelberg. https://doi.org/10.1007/978-3-7908-2649-4_8

Download citation

  • DOI: https://doi.org/10.1007/978-3-7908-2649-4_8

  • Publisher Name: Physica, Heidelberg

  • Print ISBN: 978-3-7908-1520-7

  • Online ISBN: 978-3-7908-2649-4

  • eBook Packages: Springer Book Archive

Publish with us

Policies and ethics