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Transaction Cost Economics and Beyond

Toward a New Economics of the Firm

Transaction Cost Economics and Beyond by Michael Dietrich
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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.
Taylor and Francis; January 2008
232 pages; ISBN 9781134909827
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Title: Transaction Cost Economics and Beyond
Author: Michael Dietrich