File:Nobel_Prize_2009-Press_Conference_KVA-42.jpg · Wikimedia Commons · See Wikimedia Commons
Oliver E. Williamson
Sign in to saveAlso known as Oliver Williamson, Oliver Eaton Williamson, Williamson, Oliver E., O. Williamson, OE Williamson
American economist (1932–2020)
Oliver E. Williamson was an American economist who developed influential theories about how companies are organized and make decisions, challenging traditional economic thinking that assumed markets always worked perfectly. His work, which earned him the Nobel Prize in Economics in 2009, fundamentally changed how business leaders, policymakers, and scholars understand why firms exist and how they should be structured.
AI-generated from the Wikipedia summary — may contain errors.
Person · Open Library
- Born
- 27 Sep 1932
- Died
- 21 May 2020
- Works
- 33
Top works
- Managerial discretion and business behavior
- Institutions and economic organization
- The Nature of the Firm
- Mergers, acquisitions and leverage buyouts
- Moderne Theorie der Unternehmung
via Open Library + Wikidata
Music · MusicBrainz
- Type
- Group
- Origin
- United States
- Active from
- 1972-10
Discography
via MusicBrainz · CC0
Recent publications · Crossref
5 total works indexed
- The SILVA ribosomal RNA gene database project: improved data processing and web-based tools
· 2012 · cited 28,471x
- An improved technique for determining hardness and elastic modulus using load and displacement sensing indentation experiments
· 1992 · cited 24,477x
- Strategic Responses to Institutional Processes
· 1991 · cited 22,376x
- Reproducible, interactive, scalable and extensible microbiome data science using QIIME 2
· 2019 · cited 20,048x
- A global reference for human genetic variation
· 2015 · cited 17,412x
via Crossref · CC0
Quotes
- “Information impactedness is a derivative condition that arises mainly because of uncertainty and opportunism, though bounded rationality is involved as well. It exists when true underlying circumstances relevant to the transaction, or related set of transactions, are known to one or more parties but cannot be costlessly discerned by or displayed for others.”
- “For those who, like myself, are inclined to be eclectic, no comprehensive commitment to one approach rather than another needs to be made. What is involved, rather, is the selection of the approach best suited to deal with the problems at hand.””
- “Because internal organization experiences added bureaucratic costs, the firm is usefully thought as the organization of last resort: try markets, try hybrids (long term contractual relations into which security features have been crafted), and resort to firms when all else fails (compatatively).”
via Wikiquote · CC BY-SA
Wikidata facts
- Official website
- groups.haas.berkeley.edu/bpp/oew
- Image
- Nobel Prize 2009-Press Conference KVA-42.jpg
Show 4 more facts
- Commons category
- Oliver E. Williamson
- date of birth
- 1932-09-27
- name in native language
- Oliver Williamson
- date of death
- 2020-05-21
Sources (6)
via Wikidata · CC0
~10 min read
Article
Oliver Eaton Williamson (September 27, 1932 – May 21, 2020) was an American economist, a professor at the University of California, Berkeley, and recipient of the 2009 Nobel Memorial Prize in Economic Sciences, which he shared with Elinor Ostrom.
His contributions to transaction cost economics and the theory of the firm have been influential in the social sciences, law and economics. Williamson described his work as "a blend of soft social science and abstract economic theory".