To summarize, the production of information and its use in transactions both incur costs and are thus subject to economizing. In the 1970s, there occurred a revival of interest among economists in the economics of transaction, and Oliver Williamson in particular, building on the earlier work of Ronald Coase and John Commons, has explored the different institutional arrangements that govern transactional choices.


p. 235 - Knowledge Assets, 1998

Max Boisot Quotes

To summarize, the production of information and its use in transactions both incur costs and are thus subject to economizing. In the 1970s, there...

To summarize, the production of information and its use in transactions both incur costs and are thus subject to economizing. In the 1970s, there...

To summarize, the production of information and its use in transactions both incur costs and are thus subject to economizing. In the 1970s, there...

To summarize, the production of information and its use in transactions both incur costs and are thus subject to economizing. In the 1970s, there...