Resource title

Human capital and transaction cost economics

Resource image

image for OpenScout resource :: Human capital and transaction cost economics

Resource description

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.

Resource author

Nicolai J. Foss

Resource publisher

Resource publish date

Resource language


Resource content type


Resource resource URL

Resource license

Check the according license before adaptation. When adapting give credits to the original author.