The Theory of Transaction in Institutional Economics: A History

This monograph explores the history of the transaction in institutional economics, tracing its meaning, topicality, and use over time. It connects different approaches within institutional economics and covers the contributions of key thinkers from various schools. The book is of interest to advanced students and researchers in institutional economics, law and economics, and economics, and the history of economic thought.

Format: Paperback / softback
Length: 92 pages
Publication date: 25 September 2023
Publisher: Taylor & Francis Ltd

Despite the abundance of literature on transaction costs, there exists limited in-depth analysis regarding the definition and functioning of transactions in the realm of institutional economics. Drawing upon both Old and New Institutional Economics and a diverse range of interdisciplinary sources, this monograph endeavors to trace the historical evolution of the concept of transaction within institutional economics, charting its topicality and usage across time.

This manuscript treats the notion of 'transaction' as a multifaceted construct encompassing legal, competitive, and political dimensions, and establishes connections between various approaches within institutional economics. The book encompasses the contributions of prominent thinkers from diverse schools, arranged alphabetically, including Ronald H. Coase, John R. Commons, Robert Lee Hale, Oliver Hart, Mancur Olson, Thorstein Veblen, and Olver E. Williamson.

This book holds particular appeal to advanced students and researchers specializing in institutional economics, law and economics, as well as economics, and the history of economic thought.

Weight: 190g
Dimension: 234 x 156 (mm)
ISBN-13: 9780367530303