1st Edition

Transaction Cost Economics and Beyond
Toward a New Economics of the Firm

ISBN 9780415071567
Published April 8, 1994 by Routledge
232 Pages

USD $84.95

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Book Description

In recent years transaction cost economics have come to dominate the discussion of the nature and organization of firms. In Transaction Costs Economics and Beyond Michael Dietrich 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.