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Article
Legal Precursors of Transaction Cost Economics
THE ELGAR COMPANION TO TRANSACTION COST ECONOMICS
  • D. Gordon Smith
Publication Date
9-30-2009
Disciplines
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, 𝘪𝘯 Tʜᴇ Eʟɢᴀʀ Cᴏᴍᴘᴀɴɪᴏɴ Tᴏ Tʀᴀɴsᴀᴄᴛɪᴏɴ Cᴏsᴛ Eᴄᴏɴᴏᴍɪᴄs 66 (2009).