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Foss & Klein: "Austrian Economics and the Transaction Cost Approach to the Firm" [Libertarian Papers]

“Austrian Economics and the Transaction Cost Approach to the Firm” by Nicolai J. Foss and Peter G. Klein, was published today in Libertarian Papers. The article discusses, inter alia, the work of Oliver Williamson, who was today named the winner, along with Elinor Ostrom, of the Sveriges Riksbank Prize in Economic Sciences in Memory... »