Theory of the Firm

How much power do firms have in the economy?
Workplaces can be seriously powerful. They’re employing people, producing goods and services, purchasing from suppliers, creating demand for new technologies, influencing regulations … shaping the economy in all sorts of different ways. Shareholders trade for ownership of different firms, and If a single workplace grows too powerful, governments can intervene to try and scale them back down to a competitive size. But many workplaces can also lobby governments to shape policy in their favor.