Transaction Costs Theory and evolutionary approaches: Analysis and Perspectives of a Pluralist Research Program

Huáscar Fialho Pessali () and Ramon Fernandez

Brazilian Journal of Political Economy, 2001, vol. 21, issue 2, 286-303

Abstract: Transaction Costs Theory has been considered the “new orthodoxy” of the theory of the firm, and it is also the reason for it has been widely criticized by different schools of economic thought. However, there seems to be signs of complementarity between TCT and evolutionary approaches to the firm. Some alleged interfaces are discussed here, in order to suggest new directions for a research agenda on the theory of the firm, within a pluralistic framework. JEL Classification: B25; D21.

Keywords: Transaction costs; New Institutional Economics; Schumpeterian analysis; history of economic thought; firm theory (search for similar items in EconPapers)
Date: 2001
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