corporationasfoam (ThoughtStorms)

Context : OnCorporations

ReadWith : TheHiddenGiftEconomy

The secret truth of capitalism is that corporations are foams

Each department is a bubble of GiftEconomy wrapped in a thin layer of ExchangeEconomy

When you collaborate with your colleagues you neither directly negotiate a price for your help, nor does the boss explicitly instruct you as part of your negotiation with the company. Although you receive a salary for your general contribution, the actual collaboration with your colleagues is managed through non-exchange.

This is what's missing from the RonaldCoase view of corporations.