Theoretically, one can prove that a decentralized organization is more efficient than a centralized…

…as an open question in economics. The free market doctrines of the Chicago school entailed that the firm would be an inefficient vehicle of production because it was a centralized decision making body. Ronald Coase recieved the Nobel Prize in economics for his work on frictions and transaction costs t…
I think you have gotten this one both right and wrong.
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Loren Wagner
Henryk A. Kowalczyk
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Apr 23, 2022
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Theoretically, one can prove that a decentralized organization is more efficient than a centralized one. But behind it are many details about what it means; which decisions should be exclusively local, which, central.
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Written by Henryk A. Kowalczyk4.94K Followers
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Many tell us what to think. I write to ask you to inquire. Question me. Have fun. Contact: hak1010@yahoo.com.
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