Clergyman's

The point is that coordination can be achieved by either of two means: with no one dictating anyone else's precise behavior, but everyone observing a set of rules, or with someone directing the behavior of others. We refer to the first of the two means as coordination by rules and the second as coordination by command.
- Samuel Bowles

The first dimension is called ""competition,"" and it refers to that aspect of an economic system in which exchanges of one sort or another play the most important part. In capitalism, of course, competition and exchange occur primarily in markets.
- Samuel Bowles

Writers after Coase have referred to the authority structure of the firm as a ""visible hand"" that works in combination with Smith's invisible hand. The everyday fact that employers exercise power over their employees — not news to most employees — had been a central theme in Marx's economics, but it was overlooked by most neoclassical economists. Early in his studies Coase noted the similarity between the hierarchical organization of capitalist firms, with their reliance on command relations, and the then-existing system of centralized economic planning in the Communist countries, where production was carried out in accordance with orders from higher authorities and where market competition played little role.
- Samuel Bowles