Contingency, Validity, and Consent: A Critique of Power in Williamson’s Transaction Cost Economics

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Contingency, Validity, and Consent: A Critique of Power in Williamson’s Transaction Cost Economics

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dc.contributor.advisor Gould, Mark
dc.contributor.author Sanchez, David V.
dc.date.accessioned 2010-07-26T13:14:38Z
dc.date.available 2010-07-26T13:14:38Z
dc.date.issued 2010
dc.identifier.uri http://hdl.handle.net/10066/4920
dc.description.abstract In his Transaction Cost Economics, Oliver Williamson conceptualizes power as hierarchical fiat that is obeyed by agents out of their self-interest. This conception of power is consistent with the neoclassical nature of his theory, but it means that he cannot understand the motivation of consummate performance in the workplace (and hence the solution to the principal-agent problem), the constitution of valid power that is obeyed by an agent even when it is not in her self-interest, or the importance of reduced complexity for the successful operation of power. In contrast, conceptualizing power as a generalized medium of communication allows one to better understand the operation of power within the firm.
dc.description.sponsorship Haverford College. Dept. of Sociology
dc.language.iso en_US en
dc.rights.uri http://creativecommons.org/licenses/by-nc/3.0/us/
dc.subject.lcsh Industrial management
dc.subject.lcsh Power (Social sciences)
dc.subject.lcsh Williamson, Oliver E. Markets and hierarchies, analysis and antitrust implications
dc.subject.lcsh Williamson, Oliver E. -- Criticism and interpretation
dc.title Contingency, Validity, and Consent: A Critique of Power in Williamson’s Transaction Cost Economics en
dc.type Thesis (B.A.) en


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