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The Theory of the Firm as Governance Structure: From Choice to Contract

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  • Williamson, Oliver

    (Russian Presidential Academy of National Economy and Public Administration)

Abstract

Assumptions about the importance of the organization and the possibility of studying for a long time economists have greeted with skepticism. Of course, there were the happy exceptions, such as in the works of Alfred Marshall, Joseph Schumpeter, Friedrich Hayek. In favor of the importance of the organization expressed equally and representatives of economic institutionalism (Thorsten Veblen, John Commons and K. Ronald Coase), and representatives of the organization theory (Robert Michelz, Chester Barnard, Herbert Simon, James March and Richard Scott).

Suggested Citation

  • Williamson, Oliver, 2009. "The Theory of the Firm as Governance Structure: From Choice to Contract," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 6, pages 111-134, December.
    • Handle: RePEc:rnp:ecopol:9615
    as

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    References listed on IDEAS

    as
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