Traditionally, economics has concerned itself with the efficient use of scarce resources used for alternative purposes (Robbins, 1934). The prime locus of economic efficiency is the market, where subjects conduct transactions that, under certain conditions, optimize the use of resources. Coase (1937), however, finds that, in this context, there are certain organizations in which voluntary market exchanges are replaced by decisions made by means of authority. This is the starting point for the neoclassical institutional theories of the firm that now dominate the economics departments of universities and business schools.