Sociology has recently witnessed a rapprochement between research on organizations and
research on law. This essay reviews a number of central developments and tendencies in …

This paper provides a comprehensive review of the empirical literature in transaction cost
economics (TCE) across multiple social science disciplines and business fields. We show …

Transaction cost theory (TCT) has been fruitfully applied to a wide range of organizational
phenomena, as reflected in a vast and evolving body of research. However, in part due to …

The business enterprise is the prime institution in economic development and growth; yet,
until recently, mainstream economics has mostly treated firms as homogeneous black boxes …

Business enterprises lie at the core of ecosystems that drive economic development and
growth in market economies; yet, until recently, mainstream economics has mostly treated …

A few centuries ago, capitalism set in motion an explosion of economic productivity. Markets
and private property had existed for millennia, but what other key institutions fostered …

Entrepreneurship, long neglected by economists and management scholars, has made a
dramatic comeback in the last two decades, not only among academic economists and …

This chapter looks into ways societies of the region go about changing their economic
organizations, into factors that condition depth, speed, and direction of changes. Communist …

Transaction cost economics (TCE) is one of the most widely referenced organization
theories in operations and supply chain management research. Even though TCE is a …

This book provides a framework for thinking about economic instiutions such as firms. The
basic idea is that institutions arise in situations where people write incomplete contracts and …