Was Oliver E. Williamson a pioneer in social science research?
Yes
No
He was a pioneer in natural science
Not exactly
Answer
Yes, Oliver E. Williamson was a pioneer in social science research. He is best known for his work on transaction cost economics, which he developed in the 1970s. This theory argues that firms exist to reduce transaction costs, which are the costs of negotiating, monitoring, and enforcing contracts. Williamson's work has had a major impact on the fields of economics, business, and law.
Discovering the Economics Legacy: The Oliver E. Williamson Quiz
More Questions
Did Oliver E. Williamson make contributions to economics only?
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Is the work of Oliver E. Williamson primarily theoretical or empirical?
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