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Re: forwarded from Rakesh on transaction costs

----- Original Message -----
From: "Michael Perelman" <michael@xxxxxxxxxxxxxxxxx>



> ----- Forwarded message from Rakesh Bhandari
<rakeshb@xxxxxxxxxxxx> -----

> Hi Michael
>
> Pen-l readers may be interested in this paper
> http://www.econ.uconn.edu/working/1995-03.pdf
>
> Richard Langlois on transaction costs, production costs and the passage
of time
>

==========================

An even more interesting critique of -Langlois as well as- Coase and
Williamson is William Lazonick's *excellent* "Business Organization and
the Myth of the Market Economy." If I recall, Langlois did a book review
of WL.

Ian
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