"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. WilliamsonTiny Panda Quotes
Quotes by Oliver E. Williamson
Oliver E. Williamson (1932-2020) was an American economist renowned for his groundbreaking work on transaction cost economics and the theory of the firm. A Nobel laureate in Economic Sciences in 2009, Williamson’s research delved into the complexities of economic organization and governance, reshaping how businesses operate and interact. His influential ideas on the nature of contracts and institutional frameworks not only advanced academic thought but also provided practical insights for policymakers and business leaders, leaving a lasting legacy in economic theory.
3 quotes found
"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