The Economic Institutions of Capitalism

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9780029348208: 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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"An extraordinarily impressive achievement and must reading for all serious students of law, economics, and organization".--Paul L. Joskow, Professor of Economics, Massachusetts of Technology.

About the Author:

Oliver E. Williamson, the author of several books including the acclaimed Markets and Hierarchies (published by the Free Press), is Gordon B. Tweedy Professor of Economics of Law and Organization at Yale University. He is Fellow of the Econometrics Society and the American Academy of Arts and Sciences and Co-editor of the Journal of Law, Economics, and Organization.

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