Document Type

Article

Publication Title

Georgia Law Review

Abstract

In a series of joint papers, we have considered the relationship between law and norms in corporation law, and recently we have developed a more general theory that brings together corporation law and the theory of the firm. In this Essay, we outline briefly this general theory, which we are developing in more detail elsewhere, and discuss how embracing this approach would affect the way one teaches the basic Corporations course. In this general theory, we try to bring together property rights and transaction cost theories of the firm with the norms literature to recast our understanding of the fundamental structure of corporate law.

First Page

529

Volume

34

Publication Date

2000

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