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

by Michael Dietrich

Overview

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.

Product Details

ISBN-13:	9780415071567
Publisher:	Taylor & Francis
Publication date:	03/10/1994
Pages:	232
Product dimensions:	6.12(w) x 9.19(h) x (d)

About the Author

Michael Dietrich lectures in economics and business policy at Sheffield University Management School. He has published papers and articles in areas such as the organisation of the firm and corporate restructuring in Europe. He is joint editor (with Ash Amin) of Towards a new Europe?

Table of Contents

Chapter 1 Introduction; Part 1 Beyond Transaction Costs; Chapter 2 The Transaction Cost Paradigm; Chapter 3 A General Framework; Part 2 Beyond Transaction Costs; Chapter 4 The Development of the Firm; Chapter 5 Related Integration and The Firm; Chapter 6 Unrelated Integration and The Firm; Chapter 7 Quasi-Integration and The Firm; Part 3 A New Economics of the Firm; Chapter 8 The Firm and Economic Theory; Chapter 9 The firm as a system; Chapter 10 Economic Policy and The Firm; Chapter 11 Conclusions;