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Oliver E. Williamson Quotes


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Quotes by Oliver E. Williamson

Showing 11-15 of 15 Quotes by Oliver E. Williamson

If you believe that markets operate in Alan Greenspan fashion, then you don't inquire into the details.

~Oliver E. Williamson

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Managerial discretion can take many forms, some very subtle. Individual managers may run slack operations; they may pursue subgoals that are at variance with corporate purposes; they can engage in self-dealing.

~Oliver E. Williamson

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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

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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

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The lens of contract focuses predominantly on gains from trade whereas orthodoxy is focused on resource allocation.

~Oliver E. Williamson

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Biography

Nationality: American

Type: Economist

Born: September 27th, 1932

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