"The transaction cost approach maintains that some projects are easy to finance by debt and ought to be financed by debt. These are projects for which physical-asset specificity is low to moderate."
Oliver E. Williamson"My first jobs after graduation in 1955 were as a project engineer for G.E. and later with the U.S. government in Washington, D.C., where I met and married my wife, Dolores Celini."
Oliver E. Williamson"Teaching can be learning, especially if student curiosity with the question 'What's going on here?' can be elicited."
Oliver E. Williamson