The Economic Nature of the Firm

Randall S. Kroszner is the Norman R. Bobins Professor of Economics at the University of Chicago's Booth School of Business, which he joined in 1990. He was a member of the President's Council of Economic Advisers in Washington, DC, from 2001 to 2003. From March 2006 to January 2009 Professor Kroszner served as a Governor on the Board of Governors of the Federal Reserve Board. A specialist in the regulation of banking and financial institutions, corporate governance, international financial crises, debt restructuring, and monetary economics, he served as director of the George J. Stigler Center for the Study of the Economy and editor of the Journal of Law and Economics. Professor Kroszner received his Ph.D. from Harvard University in 1990. Louis Putterman is Professor of Economics at Brown University, where he has taught since 1980. He is coauthor of Economics of Cooperation and the Labor-Managed Economy (1987, with John Bonin), author of Division of Labor and Welfare (1990), coeditor of Economics, Values, and Organization (1998, with Avner Ben-Ner), and author of Dollars and Change: Economics in Context (2001). Professor Putterman's current research interests focus on experimental economics and development and international economics, particularly the economics of China. He edited the first edition of The Economic Nature of the Firm and coedited the second edition with Professor Kroszner. Professor Putterman received his Ph.D. from Yale University in 1980.