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Buku The Economic Institutions Of Capitalism

Books CollectionBuku The Economic Institutions Of Capitalism
  • Judul Buku: The Economic Institutions Of Capitalism
  • Penulis: Oliver E. Williamson
  • Penerbit: New York : The Free Press, 1985
  • Bahasa: English
  • ISBN: 0029348218

Sinopsis Buku The Economic Institutions Of Capitalism

The economic institutions of capitalism are endlessly varied. Although this book is concerned with some of the more important of those institutions. Many others have not been mentioned, much less assessed.

Considerable variety notwithstanding, the economic institutions of capitalism examined in earlier chapters display many common elements. Indeed, much of vertical integration, many vertical market restrictions, the organization of work, labor union organization, the modem corporation (including conglomerate and multinational aspects), corporate governance, regulation and much of antitrust turn out to be variants on a theme.

The very same contracting schema-whereby technology, price, and governance are all joined-applies repeatedly. This is gratifying, since pattern repetition reinforces confidence in functional arguments that might otherwise appear ad hoc.

Not everything fits, however. Other patterns are awaiting discovery. Nevertheless, I conjecture that the general microanalytic strategy employed here will apply elsewhere. This entails making the transaction the basic unit of analysis, ascertaining the underlying attributes of transactions, and aligning institutions (incentives, controls, governance structures) in a discriminating way.

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EYRCLS Books Collection - The Economic Institution of Capitalism
EYRCLS Books Collection – The Economic Institution of Capitalism

A brief overview of transaction cost economics is sketched in section 1. Some of the issues in economics, law, and organization for which further study is needed are presented in sections 2 through 4.

This long-awaited sequel to the modem classic Markets and Hierarchies develops and extends Williamson’s innovative use of transaction cost economics as an approach to studying economic organization by applying it to work and labor as well as the corporation itself.

In addition, Williamson explores its growing implications for public policy, including its potential influence on antitrust and merger guidelines, labor policy, and SEC and public utility regulations.

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EYR Center for Legal Studies (CLS)
EYR Center for Legal Studies (CLS)https://eyrcls.com
EYR Center for Legal Studies (CLS) is an Indonesian non-profit Civil Society Organization with focus on various law programmes.

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