Human capital and transaction cost economics

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Human capital and transaction cost economics

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Title: Human capital and transaction cost economics
Author: Foss, Nicolai J.
Abstract: Human capital has often been discussed in transaction cost economics, particularly in connection with understanding the employment relation. This chapter reviews Williamson’s thinking on the issue, explains how it differs from Coase and Simon’s, and briefly discusses the relevant empirical literature. The chapter also covers property rights theory, and discusses various critiques of the treatment of human capital in transaction cost economics.
URI: http://hdl.handle.net/10398/7429
Date: 2008-01-21

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