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

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dc.contributor.advisorGould, Mark
dc.contributor.authorSanchez, David V.
dc.date.accessioned2010-07-26T13:14:38Z
dc.date.available2010-07-26T13:14:38Z
dc.date.issued2010
dc.description.abstractIn 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.sponsorshipHaverford College. Department of Sociology
dc.identifier.urihttp://hdl.handle.net/10066/4920
dc.language.isoeng
dc.rights.accessOpen Access
dc.rights.urihttp://creativecommons.org/licenses/by-nc/3.0/us/
dc.subject.lcshIndustrial management
dc.subject.lcshPower (Social sciences)
dc.subject.lcshWilliamson, Oliver E. Markets and hierarchies, analysis and antitrust implications
dc.subject.lcshWilliamson, Oliver E. -- Criticism and interpretation
dc.titleContingency, Validity, and Consent: A Critique of Power in Williamson’s Transaction Cost Economics
dc.typeThesis
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