Institutional Economics and Business History
A Way Forward
Bibliographic Data
| ID | 8419977 |
|---|---|
| Authors | Mark Casson (0000-0003-2907-6538, University of Reading, corresponding author) |
| Year | 1997 |
| Volume | 39 |
| Issue | 4 |
| Pages | 151-171 |
| Publication date | 1997-10-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Business History (JOURNAL) |
| Journal identifiers | ISSN: 0007-6791 • E-ISSN: 1743-7938 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/00076799700000150 |
| OpenAlex | W1983891969 |
| Language | EN |
| Citations received | 23 |
Analytical business history requires a synthesis of theories of transaction cost, entrepreneurship and firm-specific competence. These theories can be integrated using the concept of information cost. Economies of information cost explain the emergence of market-making intermediation in capitalist economies. Economists have been so preoccupied with production that they have ignored the role of market-making intermediation, despite the fact that market-making intermediation has a crucial impact on the strategy and organisation of the firm. This essay charts the historical emergence of market-making intermediation, and analyses its effects using a diagrammatic technique specially developed for this purpose. It is suggested that the concept of information cost, and the techniques of analysis allied with it, offer a useful way forward for business historians
Business · Business history · Coase theorem · Competence (human resources · Database transaction · Diagrammatic reasoning · Economics · Entrepreneurship · Industrial organization · Intermediation · Macroeconomics · Management · Microeconomics · Neoclassical economics · Production (economics · Transaction cost · Computer Science · Economic Theory and Institutions · Finance · Historical Economic and Social Studies
The business of location
Vender tabaco à escala do reino
Reflections on the Business History Tradition
Government regulations, information costs and concentration in the Norwegian insurance industry, 1960–1990
Migration memory, cultural heritage
Digital Library Use
Business Networking in the Industrial Revolution
Business networking in the industrial revolution
Let the best story win – evaluation of the most cited business history articles
Corporate Networks and Business Groups in Egypt, 1924–1948
The Nature of the Firm”—and the Eternal Life of the Brand
Chinese Commercial Audacity
The Rise and Fall of a Lisbon Family Business, 1710–1773
Networks and Entrepreneurship
Railways, roads and the British white fish industry, 1920–70
Creating global capitalism
Transaction costs of early modern multinational enterprise
Business history and international business
Andrew Carnegie and the foundations of contemporary entrepreneurial philanthropy
Network interlocks
Internationalisation choices of Polish firms during the post-socialism transition period
Organisational form and industry emergence
No one here knows half so much of this matter as yourself
| Unique citing works | 23 |
|---|---|
| Citations per year | 0,85 |
| Citation span | 1999 - 2023 (25) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 23 |