Oliver E. Williamson
Oliver E. Williamson
Oliver Eaton Williamsonis an American economist, a professor at the University of California, Berkeley, and recipient of the 2009 Nobel Memorial Prize in Economic Sciences...
NationalityAmerican
ProfessionEconomist
Date of Birth27 September 1932
CountryUnited States of America
self effort behaviour
Opportunism is self interest seeking with guile often involving subtle forms of deceit, especially calculated efforts to mislead, distort, disguise, obfuscate, or otherwise confuse. This vastly complicates the problems of economic organisation. Plainly if it were not for opportunism all behaviour could be rule governed
learning question teaching
Teaching can be learning, especially if student curiosity with the question 'What's going on here?' can be elicited.
economic examine exchange federal good government informed itself mainly ought reserve securities treasury
The organization of the government itself is something which we ought to examine in a more self-conscious way - the Federal Reserve and the Treasury and the Securities and Exchange Commission. The mission that each of them has is mainly economic but should be informed by good organizational practices.
assets attend exposed markets supported vertical
Vertical intergration is an organizational response to the contracting difficulties that attend intermediate product markets where trades that are supported by transaction-specific assets are exposed to hazard.