Transaction Cost Economics and Beyond

Toward a New Economics of the Firm

Business & Finance, Economics
Cover of the book Transaction Cost Economics and Beyond by Michael Dietrich, Taylor and Francis
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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.

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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.

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