Abstract:The Nobel committee has been so focused on rewarding economics that projects a scientific and mathematical image that it has often ignored more practical, historical, or institutional approaches. Ther...The Nobel committee has been so focused on rewarding economics that projects a scientific and mathematical image that it has often ignored more practical, historical, or institutional approaches. There have been exceptions, including two economists who focused on an institutional topic called economic governance. Oliver E. Williamson, a co-winner in 2009, explored the narrow question of why some activities are included within a firm and others are not. The answer to this question requires a deeper understanding of transaction costs.Read More
Publication Year: 2010
Publication Date: 2010-08-30
Language: en
Type: book-chapter
Indexed In: ['crossref']
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Cited By Count: 5
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