Friday Feb 08, 2008

What is Open Source?

Open Source is not just about code that can be viewed and tinkered with freely. It is also about products, people, participation, communities, institutions, cultures, economics, business models and complex property rights. It is also about developing very complex products according to property rules and in organizations that make rapid development and progress possible. With their existence, open-source communities have anticipated a new, general model for collaborative creativity.

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.

Tuesday Jun 08, 2004

Economizing and strategizing

So, here I go, testing this Weblog system . . .

Oliver Williamson, the great contemporary economist, notes that there has been too much focus on triangles formed by supply-demand curves, i.e. on strategizing, and not enough attention on the larger rectangles, i.e. on economizing. A good place to read about this is in his book of essays on transaction cost economics, Mechanisms of Governance.

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