Oliver E. Williamson Quotes

Oliver E. Williamson
Oliver E. Williamson
American Economist
Born: Sep 27, 1932
Engineer First Good Government Organization Superior
Related authors: Alan Greenspan Herbert A. Simon John Kenneth Galbraith Milton Friedman Paul A. Volcker Richard Thaler Robert Reich Thomas Sowell
If you believe that markets operate in Alan Greenspan fashion, then you don't inquire into the details. Oliver E. Williamson
Fashion You Believe Inquire Markets Details Operate Then Alan
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. Oliver E. Williamson
Difficulties Markets Response Hazard Attend Supported Trades Contracting Vertical Where Product Organizational Intermediate Exposed Assets
The hypothesis that economic organization is the resultant of a series of historic accidents is intructive in that many organizational innovations appear to be the result of trial and error. Oliver E. Williamson
Result Organization Accidents Innovations Trial Trial And Error Economic Hypothesis Historic Error Organizational Many Appear Series
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. Oliver E. Williamson
Government Good Organization Ought Way Securities Examine Something More Economic Federal Exchange Federal Reserve Mainly Self-Conscious Mission Practices Itself Commission Which Informed Them Should Organizational Each Reserve Treasury
My university teacher and mentor Kenneth Arrow remembers me as a student who asked good questions. Although I had not previously thought of myself in that way, on reflection I think that Arrow was right. Oliver E. Williamson
Teacher Myself Good Me Reflection Thought Think Way Mentor Student Had Remembers Although Arrow Questions Asked Who Right Kenneth University
My first jobs after graduation in 1955 were as a project engineer for G.E. and later with the U.S. government in Washington, D.C., where I met and married my wife, Dolores Celini. Oliver E. Williamson
Government Engineer Wife First Met Project Later Jobs Married Were Graduation Where After Washington
Teaching can be learning, especially if student curiosity with the question 'What's going on here?' can be elicited. Oliver E. Williamson
Learning Student Question Curiosity Going Teaching Here
Ronald Coase, in his classic 1937 paper on 'The Nature of the Firm,' was the first to bring the concept of transaction costs to bear on the study of firm and market organization. Oliver E. Williamson
Nature Organization First Market Paper Classic Costs Bear Firm Study Concept His Transaction Bring

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