Article
Legal Precursors of Transaction Cost Economics
THE ELGAR COMPANION TO TRANSACTION COST ECONOMICS
Publication Date
9-30-2009
Disciplines
- Law and
- Law and Economics
Document Type
Essay
Abstract
This essay traces the legal precursors of transaction cost economics by focusing on three prominent faculty of the University of Wisconsin: John R. Commons, J. Willard Hurst, and Stewart Macaulay.
General Notes
Published as "Commons, Hurst, Macaulay, and the Wisconsin legal tradition", chapter 7 of the Elgar Companion to Transaction Cost Economics.
Citation Information
D. Gordon Smith, Legal Precursors of Transaction Cost Economics, Tʜᴇ Eʟɢᴀʀ Cᴏᴍᴘᴀɴɪᴏɴ Tᴏ Tʀᴀɴsᴀᴄᴛɪᴏɴ Cᴏsᴛ Eᴄᴏɴᴏᴍɪᴄs 66 (2009).