Boeing Learns a Lesson In Theory of the Firm – Outsourcing Isn’t Always Profitable

Boeing is learning a hard lesson in what micro-economists call the "theory of the firm". ¬†Theory of the firm is the branch of econ that explores the question of "why do corporations exist?" and "why do they vary in size?". ¬†First, from the LA Times (much more at the linked article itself): The airliner is … Continue reading Boeing Learns a Lesson In Theory of the Firm – Outsourcing Isn’t Always Profitable