Wednesday Nov 15, 2006

The Real Thing

Over the years I've been blogging here, I've said quite a few things about Transaction Cost Economics (TCE).

However, my understanding of the topic is actually quite rudimentary based on naive readings of works by Oliver Williamson and others as well as some conversations and seminars with transaction cost economists at Berkeley.

Visiting Williamson's webpage recently, I noticed that it includes a video interview with Williamson, in which he gives an account of the evolution of his ideas and the evolution of TCE. It is worth a viewing.

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