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| | The Theory of the Firm, Managerial Responsibility, and Catholic Social Teaching |
 | | Many scholars, including Coase, Herbert Simon, Kenneth Arrow, and Oliver Williamson, were to develop more fully the critical role of transaction costs in economic relationships. |
 | | See, for example, Oliver E. Williamson, Book Review, The Firm, the Market, and the Law ; by R. Coase, 77 Cal. L. |
 | | For an interesting, recent discussion and application of transaction costs economics, see Paul L. Joskow, Transaction Cost Economics, Antitrust Rules, and Remedies, 18 J. Law, Econ. |
| www.acton.org /publicat/m_and_m/2003_fall/garvey.html (269 words) |
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