Authors:
  • [on the theory of the firm] It is exactly analogous to the analysis of the reactions of a consumer by means of indifferent curves. Indeed, a consumer is merely a 'firm' whose product is 'utility.'

    "The theory of the firm in the last ten Years" by Kenneth E. Boulding in "The American Economic Review", Volume 32, No. 4 (pp. 791-802), December 1942.