Understanding the field of transaction cost economics: an epistemological analysis from Oliver Williamson's work/Conhecendo o Campo da Economia dos Custos de Transacao: uma analise epistemologica a partir dos trabalhos de Oliver Williamson

The Transaction Costs Economics (TCE) has shown in recent decades exerting strong influence in many fields of thought, such as organization theory and strategy. This paper aims to make an epistemological analysis of the (TCE), on the basis of the work of Oliver Williamson, winner of the Nobel Prize...

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Bibliographic Details
Published in:Revista de Ciencias da Administracao 2015-08, p.64
Main Authors: Zanella, Cleunice, Lopes, Daniel Goncalves, Leite, Andre Luis da Silva, Nunes, Nei Antonio
Format: Article
Language:Portuguese
Subjects:
Economic aspects
Economists
Online Access:Get full text
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Summary:The Transaction Costs Economics (TCE) has shown in recent decades exerting strong influence in many fields of thought, such as organization theory and strategy. This paper aims to make an epistemological analysis of the (TCE), on the basis of the work of Oliver Williamson, winner of the Nobel Prize in economics in 2009. Although TCE represents a break with the mainstream thinking, also adopts optimizers assumptions, which can be viwed as a strong influence of positivist thought on this theory. In the end, we show the influences on Williamson, as well as the main theoretical assumptions of TCE. Finally, it is shown that the TCE has been revealed as a strong current theory to explain organizational behavior.
ISSN:1516-3865
1516-3865
DOI:10.5007/2175-8077.2015v17n42p64