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Article Title

Legal Precursors of Transaction Cost Economics

Authors

D. Gordon Smith

Document Type

Essay

Abstract

This essay traces the legal precursors of transaction cost economics by focusing on three prominent faculty of the University of Wisconsin: John R. Commons, J. Willard Hurst, and Stewart Macaulay.

General Notes

Published as "Commons, Hurst, Macaulay, and the Wisconsin legal tradition", chapter 7 of the Elgar Companion to Transaction Cost Economics.

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