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history of economic thought, institutional economics, microeconomic theory, and law and economics." …
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transactional theory -- 1.4. The "specific" transaction à la Williamson -- 2 The three dimensions of a transaction -- 2.1. The …
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analytical developments in pursuing a Grand Theory for why some countries are rich and others poor. Design … limitations of neoclassical economic theory to explain economic growth and social change. Incorporating transaction costs, the … explaining economic performance. Originality/value In the early 1970s, North adopted a naive theory of institutions and property …
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Despite abundant literature on transaction costs, there is little comprehensive analysis available regarding what the transaction is or how it works. Drawing on both Old and New Institutional Economics, and on a variety of interdisciplinary sources, this monograph traces the history of the...
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