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
Wenn unser Land je in eine Diktatur rutscht, wird es durch die Unterlassung derer geschehen, die schweigen. Wir sind noch frei genug, um zu sprechen.
— Ayn Rand