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Transaction Cost Economics and Beyond (Paperback, Softcover reprint of the original 1st ed. 1996)
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Transaction Cost Economics and Beyond (Paperback, Softcover reprint of the original 1st ed. 1996)
Series: Recent Economic Thought, 48
Expected to ship within 10 - 15 working days
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This book contains the papers that were presented in 1994 at the
conference "Transaction Cost Economics and Beyond" organized by
GRASP at the Tinbergen Institute in Rotterdam. It is generally
recognized that transaction cost economics (TCE) is at the heart of
the new theory of the firm. It is a well established research
program with a well developed theoretical framework and good
results in empirical testing. However, critics consider the
approach too limited to understand the essential characteristics of
such complex organizations like firms. Critics plea convincingly
for the need to go beyond the original TCE framework and to develop
a more pluralistic approach towards issues of economic
organization. The new theory of the firm can only be further
developed when scholars are willing to debate the issues in an
open-minded, academic way. I thank the participants of the
conference very much for putting so much effort in writing their
papers and for their contribution to an open and stimulating
discussion. It is my wish that this book contributes to the further
deve lopment of the theory of the firm and that it helps us to a
better understan ding of the complexities of economic organization.
I would like to thank the following organizations for their
support: the Tinbergen Institute, the "Vereniging Trust Fonds" of
the Erasmus University, the Faculty of Economics of the Erasmus
University, and GRASP (Group for Research and Advice in Strategic
management and Industrial Policy)."
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