Interdisciplinary Social Science: The Transaction Cost Economics Project

Oliver Williamson

Chapter Chapter 9 in Economics for the Curious, 2014, pp 123-140 from Palgrave Macmillan

Abstract: Abstract Although many economists decided on economics as a career choice when they were undergraduates, that was not my experience. I became an economist by discovering my interests as I progressively moved from engineering to business to economics and, within economics, finding that interdisciplinary economics (which, for me, would initially entail combining economics with organization theory and later would include aspects of contract law) was an underdeveloped but promising area of teaching and research. As events would have it, what became known as transaction cost economics (TCE) would become one of the foundations upon which the New Institutional Economics is based.2

Keywords: Transaction Cost; Vertical Integration; Organization Theory; Transaction Cost Economic; Credible Commitment (search for similar items in EconPapers)
Date: 2014
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DOI: 10.1057/9781137383594_10

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