As the transaction cost theory of the firm was taking shape in the 1970s, another important movement in economics was emerging: a revival of the “Austrian” tradition in economic theory associated with such economists as Ludwig von Mises and F. A. Hayek (1973; Dolan, ……………………
Austrian Economics and the Transaction Cost Approach to the Firm
Der beste Platz für Politiker ist das Wahlplakat. Dort ist er tragbar, geräuschlos und leicht zu entfernen.
— Loriot