Paul Walker is an economist in Christchurch, New Zealand. He received his PhD in Economics from the University of Canterbury, Christchurch, New Zealand. His research is mainly on the history of economics and the theory of the firm.

• 1 Background Notes References2 The division of labour and the firm Ancient philosophers Medieval period Pre-classical economics period 19th century 20th century Notes References 3 Development of a theory of production or the firm Pre-classical economists The classical economics period The neoclassical era Behavioural and managerial models Contemporary criticisms of the neoclassical model Coase versus Demsetz on the neoclassical model Profit maximisation Malmgren (1961) Notes References 4 Possible reasons for the neglect of the firm Notes References

Paul Walker is an economist in Christchurch, New Zealand. He received his PhD in Economics from the University of Canterbury, Christchurch, New Zealand. His research is mainly on the history of economics and the theory of the firm.

• 1 Background Notes References2 The division of labour and the firm Ancient philosophers Medieval period Pre-classical economics period 19th century 20th century Notes References 3 Development of a theory of production or the firm Pre-classical economists The classical economics period The neoclassical era Behavioural and managerial models Contemporary criticisms of the neoclassical model Coase versus Demsetz on the neoclassical model Profit maximisation Malmgren (1961) Notes References 4 Possible reasons for the neglect of the firm Notes References

Paul Walker is an economist in Christchurch, New Zealand. He received his PhD in Economics from the University of Canterbury, Christchurch, New Zealand. His research is mainly on the history of economics and the theory of the firm.

• 1 Background Notes References2 The division of labour and the firm Ancient philosophers Medieval period Pre-classical economics period 19th century 20th century Notes References 3 Development of a theory of production or the firm Pre-classical economists The classical economics period The neoclassical era Behavioural and managerial models Contemporary criticisms of the neoclassical model Coase versus Demsetz on the neoclassical model Profit maximisation Malmgren (1961) Notes References 4 Possible reasons for the neglect of the firm Notes References