Transaction Cost Economics and Beyond: Toward a New Economics of

Taylor & Francis

Dietrich offers a critical exploration of transaction costs, arguing that while they have much to offer, they are still an inadequate basis for a general theory of the firm. > \nIn recent years transaction cost economics have come to dominate the discussion of the nature and organization of firms. In Transaction Costs Economics and Beyond Michael Dietrich offers a critical exploration of transaction costs. He argues that whilst they have much to offer, they are still an inadequate basis for a general theory of the firm. Drawing on theories of organizational behaviour as well as economics, he concludes by offering a theory of the firm that allows for both hierarchical and creative decision making. > Chapter 1 Introduction; Part 1 Beyond Transaction Costs; Chapter 2 The Transaction Cost Paradigm; Chapter 3 A General Framework; Part 2 Beyond Transaction Costs; Chapter 4 The Development of the Firm; Chapter 5 Related Integration and The Firm; Chapter 6 Unrelated Integration and The?