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Voice and economic theory: the Hirschman-Williamson controversy

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  • Pierre COURTIOUX

    ()

Abstract

The Hirschman-Williamson controversy deals with the voice's relevancy to economic analysis of organisation. Hirschman (1970) argues that voice is important to recover efficiency. Williamson (1974) downsizes this result, and emphasises importance of hierarchy. This paper shows that Williamson's results are based on the natural selection hypothesis. It shows also how an evolutionary perspective puts the stress on Hirschman normative results.

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Bibliographic Info

Article provided by L'Harmattan in its journal Cahiers d'économie Politique.

Volume (Year): (2005)
Issue (Month): 48 ()
Pages: 147-159

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Handle: RePEc:cpo:journl:y:2005:i:48:p:147-159

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