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Transaction Cost Economics and Beyond : Toward a New Economics of the Firm, Paperback / softback Book

Transaction Cost Economics and Beyond : Toward a New Economics of the Firm Paperback / softback

Paperback / softback

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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.

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