Legal Precursors of Transaction Cost Economics
THE ELGAR COMPANION TO TRANSACTION COST ECONOMICS, Peter Klein, ed., 2009
16 Pages Posted: 27 Oct 2009
Date Written: September, 30 2009
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
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