Oliver Williamson: The man who reduced the transaction cost of economics

27/11/2022

Oliver Williamson: The man who reduced the transaction cost of economics

Ranjan Ghosh and Yugank Goyal

Journal Articles | Economic and Political Weekly

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On 21 May 2020, one of the most cited economists of all time and a key contributor to organisational studies, Oliver E Williamson passed away. His intellectual apparatus of transaction cost economics is a powerful tool to explain a range of real-life phenomena across a variety of disciplines with impeccable practical implications.

IIMA