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Interdisciplinary Social Science: The Transaction Cost Economics Project

In: Economics for the Curious

Author

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  • Oliver E. Williamson

Abstract

Although many economists decided on economics as a career choice when they were undergraduates, that was not my experience. I became an economist by discovering my interests as I progressively moved from engineering to business to economics and, within economics, finding that interdisciplinary economics (which, for me, would initially entail combining economics with organization theory and later would include aspects of contract law) was an underdeveloped but promising area of teaching and research. As events would have it, what became known as transaction cost economics (TCE) would become one of the foundations upon which the New Institutional Economics is based.2

Suggested Citation

  • Oliver E. Williamson, 2014. "Interdisciplinary Social Science: The Transaction Cost Economics Project," Palgrave Macmillan Books, in: Robert M. Solow & Janice Murray (ed.), Economics for the Curious, chapter 0, pages 123-140, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-38359-4_10
    DOI: 10.1057/9781137383594_10
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    Cited by:

    1. Elisa D?Adamo, 2018. "La Cost-Benefit Analysis delle grandi infrastrutture: un riesame del Large Hadron Collider (LHC) del CERN," PRISMA Economia - Societ? - Lavoro, FrancoAngeli Editore, vol. 2018(1-2), pages 97-108.
    2. Pasquale Lubello, 2022. "Probit 9 in international trade: another case of institutional path dependence," Review of Agricultural, Food and Environmental Studies, Springer, vol. 103(2), pages 97-116, June.

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