Legal Precursors of Transaction Cost Economics
D. Gordon Smith,
Legal Precursors of Transaction Cost Economics,
THE ELGAR COMPANION TO TRANSACTION COST ECONOMICS,
Available at: https://digitalcommons.law.byu.edu/faculty_scholarship/48
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.
Published as "Commons, Hurst, Macaulay, and the Wisconsin legal tradition", chapter 7 of the Elgar Companion to Transaction Cost Economics.
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