Author: (USA) R. Coase
Publisher:
Publish Date: 2004-03-01
Features: This book is divided into 19 chapters. The chapter titled "Transaction Cost Economics and Its Beyond; Causes and Ways," provides a comprehensive introduction to the entire collection. The remaining 18 chapters explore criticisms of the theory of transaction cost economics and the application of certain key concepts from various perspectives. Each chapter in the book reflects this academic debate: through it, readers can understand for which issues transaction cost economics is a "superb perspective tool," while for others, research must go beyond the scope of transaction cost economics. This book is a collection of papers from the seminar titled "Transaction Cost Economics and Its Beyond," held in Rotterdam in 1994. Upon reviewing the entire book, readers will find that the title's juxtaposition of "Transaction Cost Economics" and "Beyond" seems somewhat inaccurate. Here, it is more about the criticism and suggestions regarding the overly stringent theoretical assumptions, excessive simplification, and limited explanatory power of transaction cost economics. The term "Beyond" occupies most of the book. Therefore, this also constitutes a difference between this book and other literature on transaction cost economics. Researchers in this book adopt a more constructively critical attitude, making it more like a summary, review, and outlook on the stage of transaction cost economics.
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