Transaction Cost Economics and Beyond
Toward a New Economics of the Firm
Business & Finance, Economics
| Author: | Michael Dietrich | ISBN: | 9781134909827 |
| Publisher: | Taylor and Francis | Publication: | January 28, 2008 |
| Imprint: | Routledge | Language: | English |
| Author: | Michael Dietrich |
| ISBN: | 9781134909827 |
| Publisher: | Taylor and Francis |
| Publication: | January 28, 2008 |
| Imprint: | Routledge |
| Language: | English |
In recent years transaction costs economics have come to dominate the discussion of the nature and organization of firms. In Transaction Costs Economics and Beyond Michael Driscoll offers a critical exploration of transaction costs. He argues that whilst they have much to offer they are still an inadequate basis for a general theory of the firm. Drawing on theories of organizational behaviour as well as economics, he concludes by offering a theory of the firm that allows for both hierarchical and creative decision making.
In recent years transaction costs economics have come to dominate the discussion of the nature and organization of firms. In Transaction Costs Economics and Beyond Michael Driscoll offers a critical exploration of transaction costs. He argues that whilst they have much to offer they are still an inadequate basis for a general theory of the firm. Drawing on theories of organizational behaviour as well as economics, he concludes by offering a theory of the firm that allows for both hierarchical and creative decision making.
