Legal Precursors of Transaction Cost Economics

THE ELGAR COMPANION TO TRANSACTION COST ECONOMICS, Peter Klein, ed., 2009

16 Pages Posted: 27 Oct 2009

See all articles by D. Gordon Smith

D. Gordon Smith

Brigham Young University - J. Reuben Clark Law School

Date Written: September, 30 2009

Abstract

In this essay, I trace the legal precursors of transaction cost economics by focusing on three prominent faculty of the University of Wisconsin: John R. Commons, J. Willard Hurst, and Stewart Macaulay.

Keywords: contracts, transaction cost economics

JEL Classification: B25, B31, D23, K12, L14

Suggested Citation

Smith, D. Gordon, Legal Precursors of Transaction Cost Economics (September, 30 2009). THE ELGAR COMPANION TO TRANSACTION COST ECONOMICS, Peter Klein, ed., 2009. Available at SSRN: https://ssrn.com/abstract=1480519

D. Gordon Smith (Contact Author)

Brigham Young University - J. Reuben Clark Law School ( email )

422 JRCB
Provo, UT 84602
United States
801.422.3233 (Phone)
801.422.0390 (Fax)

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