Transaction Cost Economics and Beyond : Toward a New Economics of the Firm.

By: Dietrich, MichaelMaterial type: TextTextPublisher: London : Routledge, 1994Copyright date: ©1994Edition: 1st edDescription: 1 online resource (200 pages)Content type: text Media type: computer Carrier type: online resourceISBN: 9780203015995Subject(s): Industrial organization (Economic theory) | Institutional economics | Transaction costsGenre/Form: Electronic books.Additional physical formats: Print version:: Transaction Cost Economics and Beyond : Toward a New Economics of the FirmDDC classification: 338.5 LOC classification: HB846.3.D5Online resources: Click to View
Contents:
BOOK COVER -- TITLE -- COPYRIGHT -- DEDICATION -- CONTENTS -- FIGURES -- PREFACE -- 1 INTRODUCTION -- PART I: BEYOND -TRANSACTION COSTS -- 2 THE TRANSACTION COST PARADIGM -- 3 A GENERAL FRAMEWORK -- PART II: BEYOND TRANSACTION COSTS -- 4 THE DEVELOPMENT OF THE FIRM -- 5 RELATED INTEGRATION AND THE FIRM -- 6 UNRELATED INTEGRATION AND THE FIRM -- 7 QUASI-INTEGRATION AND THE FIRM -- PART III: A NEW ECONOMICS OF THE FIRM -- 8 THE FIRM AND ECONOMIC THEORY -- 9 THE FIRM AS A SYSTEM -- 10 ECONOMIC POLICY AND THE FIRM -- 11 CONCLUSIONS -- NOTES -- BIBLIOGRAPHY -- AUTHOR INDEX -- SUBJECT INDEX.
Summary: Transaction cost economics have come to dominate discussions about the nature of the firm. In this critical analysis of the transaction cost paradigm, Michael Dietrich argues that whilst it offers some vital insights, the transaction cost approach is an inadequate basis for a general theory of the firm. Beginning with an overview of transaction costs, the book pays particular attention to the work of Oliver Willaimson in outlining both the advantages and the disadvantages of the approach. Assuming that the organization of the firm is static, transaction cost economics is least effective in explaining the dynamic aspects of firms' behaviour. However, rather than rejecting the whole approach on these grounds, Michael Dietrich looks at ways in which the theory can be enlarged and its explanatory power increased. Considering such recent innovations as total quality control and just-in-time management. the book presents a vision of the firm in which decision making can be both hierarchical and creative. The implications of this for business policy are assessed.
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BOOK COVER -- TITLE -- COPYRIGHT -- DEDICATION -- CONTENTS -- FIGURES -- PREFACE -- 1 INTRODUCTION -- PART I: BEYOND -TRANSACTION COSTS -- 2 THE TRANSACTION COST PARADIGM -- 3 A GENERAL FRAMEWORK -- PART II: BEYOND TRANSACTION COSTS -- 4 THE DEVELOPMENT OF THE FIRM -- 5 RELATED INTEGRATION AND THE FIRM -- 6 UNRELATED INTEGRATION AND THE FIRM -- 7 QUASI-INTEGRATION AND THE FIRM -- PART III: A NEW ECONOMICS OF THE FIRM -- 8 THE FIRM AND ECONOMIC THEORY -- 9 THE FIRM AS A SYSTEM -- 10 ECONOMIC POLICY AND THE FIRM -- 11 CONCLUSIONS -- NOTES -- BIBLIOGRAPHY -- AUTHOR INDEX -- SUBJECT INDEX.

Transaction cost economics have come to dominate discussions about the nature of the firm. In this critical analysis of the transaction cost paradigm, Michael Dietrich argues that whilst it offers some vital insights, the transaction cost approach is an inadequate basis for a general theory of the firm. Beginning with an overview of transaction costs, the book pays particular attention to the work of Oliver Willaimson in outlining both the advantages and the disadvantages of the approach. Assuming that the organization of the firm is static, transaction cost economics is least effective in explaining the dynamic aspects of firms' behaviour. However, rather than rejecting the whole approach on these grounds, Michael Dietrich looks at ways in which the theory can be enlarged and its explanatory power increased. Considering such recent innovations as total quality control and just-in-time management. the book presents a vision of the firm in which decision making can be both hierarchical and creative. The implications of this for business policy are assessed.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2018. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.

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