Tuesday June 08, 2004 On The Margins
(Masood Mortazavi)
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Tuesday June 08, 2004
[ Economics ]
Economizing and strategizing
So, here I go, testing this Weblog system . . .
Oliver Williamson, the great contemporary economist, notes that there has been too much focus on triangles formed by supply-demand curves, i.e. on strategizing, and not enough attention on the larger rectangles, i.e. on economizing. A good place to read about this is in his book of essays on transaction cost economics, Mechanisms of Governance.
2004-06-08 16:59:50.0 --
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