Modern firm theory considers that the firm is a nexus of contracts.

现代企业理论认为企业是一系列合约的联结。

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The modern firm has become the main undertaker of modern economic activities.

现代公司已经成为现代经济活动的主要承担者。

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Modern firm theory argues that enterprise is a complicated contract composed of human capital and financial capital.

现代企业理论认为：企业是一个人力资本和非人力资本的特别和约。

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By the age of 31, he had become the youngest partner in the firm's modern history.

ECONOMIST: Face value

Then, he suggests, the CIO should bring in young programmers who may be working in other parts of the firm but know modern programming languages, understand mobile and Web to work with mainframe programmers.

FORBES: Is Your Firm Running An IT Deficit

Though a lover of modern art, Mr Danto is firm with its more formalist and doctrinaire champions, particularly Clement Greenberg, a critic who dominated the New York art world at mid-century, much as Mr Danto, with a far quieter voice, stands out now.

ECONOMIST: Contemporary-art criticism: Art��s dead; long live art | The