Voice and economic theory: the Hirschman-Williamson controversy

Pierre Courtioux

Cahiers d’économie politique / Papers in Political Economy, 2005, issue 48, 147-159

Abstract: The Hirschman-Williamson controversy deals with the voice's relevancy to economic analysis of organisation. Hirschman (1970) argues that voice is important to recover efficiency. Williamson (1974) downsizes this result, and emphasises importance of hierarchy. This paper shows that Williamson's results are based on the natural selection hypothesis. It shows also how an evolutionary perspective puts the stress on Hirschman normative results.

JEL-codes: B25 L22 (search for similar items in EconPapers)
Date: 2005
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