University of Hertfordshire

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A Further Reply to Jean-Philippe Robé on the Firm

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Original languageEnglish
Number of pages4
JournalJournal of Institutional Economics
Early online date28 Feb 2022
Publication statusE-pub ahead of print - 28 Feb 2022


Despite agreement on many points, including our shared insistence that ‘corporation’ and ‘firm’ are different concepts, Jean-Philippe Robé still maintains that they are mutually exclusive: no corporation is a firm, and no firm is a corporation. In contrast, we follow standard nomenclature when we point out that all (business) corporations are firms, but some firms are not corporations. We show here that this is standard practice among lawyers writing in leading law journals. We discuss Robé’s rejection of the need to take account of widespread usage of terms like ‘firm’ and note that he seems to have abandoned the task of defining the firm.


© The Author(s), 2022. Published by Cambridge University Press on behalf of Millennium Economics Ltd. This is the accepted manuscript version of an article which has been published in final form at

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