Oliver E. Williamson (1932-2020): An Institutionalist Researcher

History of Economic Ideas

5 Pages Posted: 2 Apr 2021 Last revised: 9 Jan 2023

See all articles by Geoffrey M. Hodgson

Geoffrey M. Hodgson

Loughborough University London

Massimiliano Vatiero

University of Trento; Università della Svizzera italiana

Date Written: March 8, 2021

Abstract

Coase showed the boundaries of the firm and market. Williamson pushed again the boundaries (of the theory) of firm and market especially considering bounded rationality, asset specificity, and opportunism. However, the work is still incomplete (as well as our list of works and influences of Professor Williamson). Williamson recommended for the future: “I think that the new generation of scholars can recognize that their predecessors have made headway. But there are also limitations and big challenges ahead. So let’s push the boundaries” (Gindis and Hodgson 2007:384-385).

Suggested Citation

Hodgson, Geoffrey M. and Vatiero, Massimiliano, Oliver E. Williamson (1932-2020): An Institutionalist Researcher (March 8, 2021). History of Economic Ideas, Available at SSRN: https://ssrn.com/abstract=3800226

Geoffrey M. Hodgson

Loughborough University London ( email )

Institute for International Management
Stratford, London, E20 3BS
United Kingdom

HOME PAGE: http://www.geoffreymhodgson.uk

Massimiliano Vatiero (Contact Author)

University of Trento ( email )

Via Inama, 5
Trento, Trento 38122
Italy

Università della Svizzera italiana ( email )

Via Giuseppe Buffi, n. 13
Lugano, Ticino 6900
Switzerland

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