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Voice and economic theory: the Hirschman-Williamson controversy

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Author Info
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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Publisher Info
Article provided by Centre national de la recherche scientifique (CNRS), Paris 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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B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian
L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure

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This page was last updated on 2009-12-2.

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