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The Theory of Transaction in Institutional Economics
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The Theory of Transaction in Institutional Economics : A History

Book Details

Format Hardback or Cased Book
ISBN-10 0367194694
ISBN-13 9780367194697
Publisher Taylor & Francis Ltd
Imprint Routledge
Country of Manufacture GB
Country of Publication GB
Publication Date Jul 9th, 2020
Print length 92 Pages
Weight 312 grams
Dimensions 16.00 x 24.10 x 1.40 cms
Ksh 27,900.00
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Despite abundant literature on transaction costs, there is little to no in-depth analysis regarding what the transaction is or how it works. Drawing on both mainstream and heterodox literature and a variety of interdisciplinary sources, this monograph traces the history of transaction costs in institutional economics.

Despite abundant literature on transaction costs, there is little to no in-depth analysis regarding what the transaction is or how it works. Drawing on both Old and New Institutional Economics and on a variety of interdisciplinary sources, this monograph traces the history of the meaning of transaction in institutional economics, mapping its topicality and use over time.


This manuscript treats the idea of ‘transaction’ as a construct with legal, competitive and political dimensions, and connects different approaches within institutional economics. The book covers the contributions of key thinkers from different schools, including (in alphabetical order) Ronald H. Coase, John R. Commons, Robert Lee Hale, Oliver Hart, Mancur Olson, Thorstein Veblen and Olver E. Williamson.


This book will be of interest to advanced students and researchers of institutional economics, law and economics, and economics, and the history of economic thought. 


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