Seminar 5. Firm-Contract Hybrids

Please compare and contrast these two papers. Williamson is teh principal scholar to have developed Coase’s  insights.

Readings

  • Williamson, O. E. (1985). The economic institutions of capitalism. Free Press. Ch. 1. (link)
  • Granovetter, M. (1985). Economic action and social structure: The problem of embed- dedness. American Journal of Sociology, 91:481–510. (link)

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