An Economics Reading List

Coase, Ronald, The Firm, the Market and the Law

Eggertsson, Thrain, Economic Behavior and Institutions

Hirschmann, Albert, Exit, Voice and Loyalty: Responses to Decline in Firms, Organizations and States

Knight, Frank, Risk, Uncertainty, and Profit

  • This careful work investigating the nature of profits also includes material on the institutional structure of firms and the distribution of residuals, particularly in Part III, Chapter IX-X. It contains an interesting discussion of the difference between risk and uncertainty. See also the

Annotated Bibliography of Frank Knight, by Ross Emmett.

Difficulty Level 2: Graduate SchoolSee also: Teacher’s Corner: Risk versus Uncertainty, or Mr. Slate versus Great-Aunt Matilda. Guide to Knight’s contributions on risk and uncertainty.

Masten, Scott, (ed.), Case Studies in Contracting and Organization

North, Douglass, Institutions, Institutional Change and Economic Performance

Rothschild, Michael, Bionomics

Miller, Gary, Managerial Dilemmas: The Political Economy of Hierarchy