Transaction Costs Through Time
AbstractAn economic definition of transaction costs are the costs of measuring what is being exchanged and enforcing agreements. In the larger context of societal evolution they are all the costs involved in human interaction over time. It is this larger context that I wish to explore in this essay. The concept is a close kin to the notion of social capital advanced by James Coleman (1990) and applied imaginatively to studying the differential patterns of Italian regional development by Robert Putnam in Making Democracy Work (1993). This essay, therefore, is a study in economic history which focuses on the costs of human coordination and cooperation through time which I regard as the key dilemma of societies past, present and future.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by EconWPA in its series Economic History with number 9411006.
Date of creation: 25 Nov 1994
Date of revision:
Note: ascii text, PostScript available, 4187 words
Contact details of provider:
Web page: http://18.104.22.168
Find related papers by JEL classification:
- N - Economic History
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Wegberg,Marc,van, 1999. "The Design of Standardisation Processes in ICT: An evolutionary transaction cost approach," Research Memorandum 001, Maastricht University, Netherlands Institute of Business Organization and Strategy Research (NIBOR).
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (EconWPA).
If references are entirely missing, you can add them using this form.