The Economic Institutions of Capitalism

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9780029348215: The Economic Institutions of Capitalism

This sequel to "Markets and Hierarchies" develops and extends Williamson's innovative use of transaction cost economics as an approach to studying economic organization by applying it to work and labour as well as to the corporation itself. In addition, Williamson explores its growing implications for public policy, including its potential influence on antitrust and merger guidelines, labour policy, and SEC and public utility regulations.

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Paul L. Joskow, Massachusetts Institute of Technology An extraordinarily impressive achievement and must reading for all serious students of law, economics, and organization..."The Economic Institutions of Capitalism" synthesizes Oliver Williamson's extensive work on these subjects with related work of other scholars in a comprehensive and stimulating presentation of the theory and applications of a new institutional economics that is changing the way we think about many issues in law, economics, and organization.

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Williamson, Oliver E.
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