Institutions, Contracts, and Organizations (New Institutional Economics Classics Translation Series, Volume 2)

Author: Williamson Cosnoth
Publisher:
Publish Date: 2003-01-01
Features: This book demonstrates the fundamental dimensions of the research program, emphasizing the interactive relationship between formal and informal institutional factors and the performance of different institutional arrangements for organizational transactions. After examining the foundations of new institutional economics and commemorating Ronald Coase's contributions to the field, it also presents conflicting and contradictory views on the sources of growth. It particularly highlights organizations and transactions, focusing on trust, corruption, contract enforcement, and organizational models. Due to the fact that the book was co-authored by a group of prominent economists, "Institutions, Contracts, and Organizations" has become an important milestone in the history of the development of new institutional economics.