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