The Political Theory of the Firm
Oxford Handbook of Business-Government Relations David Coen, Wyn Grant and Graham Wilson, eds.
17 Pages Posted: 20 May 2009
Date Written: December 31, 2008
The political theory of the firm provides the conceptual framework for understanding what firms are doing and what it means for the polities in which they operate. This essay proceeds by explicating each of the three theories – unitary rational actor, nexus of contracts, and behavioral. Within each of these sections I offer a brief assessment of the empirical findings and opportunities associated with the theory at hand and of its limits. I conclude with a synthesis.
Keywords: business-government relations, lobbying, theory of the firm
JEL Classification: L50, H1, P17
Suggested Citation: Suggested Citation