“[F]irms are not units of production; they are units of power. Firms are hierarchical organizations shrouded in the cloak of corporate law. And today’s corporate rulers — like all elites before them — use their power to enrich themselves.”

- Blair Fix (@blair_fix)

https://economicsfromthetopdown.com/2022/11/19/firming-up-hierarchy/

#PossumQuotes

Firming Up Hierarchy – Economics from the Top Down

I use a model of hierarchy to explore how income has been redistributed within US firms.

Economics from the Top Down