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The University of Chicago
The Booth School of Business of the University of Chicago
The University of Chicago Law School
The Contractual Nature of the Firm
Author(s): Steven N. S. Cheung
Source: Journal of Law and Economics, Vol. 26, No. 1 (Apr., 1983), pp. 1-21
Published by: The University of Chicago Press for The Booth School of Business of the University of Chicago
and The University of Chicago Law School
Stable URL: /stable/725182 .
Accessed: 17/10/2011 07:19
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access to Journal of Law and Economics.
THE CONTRACTUAL NATURE
OF THE FIRM*
STEVEN N. S. CHEUNG
University of Hong Kong
ALMOST half a century has elapsed since R. H. Coase wrote The Na-
ture of the Firm. The impactof this paperis now At about
increasing.2
twenty years of age and before receiving a bachelors degree from the
London School of Economics, Coase conceived the thesis of that w
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