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Transaction Cost Theory Analysis

Posted on:2003-08-10Degree:MasterType:Thesis
Country:ChinaCandidate:J H LuoFull Text:PDF
GTID:2206360065450801Subject:Political economy
Abstract/Summary:PDF Full Text Request
Through analysising some famous economists' theory in the Transaction Cost Economics, this paper finds there are many serious divergenes on some basic concepts and viewpoints among them, and also finds the Transaction Cost Economics can not explain some important social economic phenomena. Therefore, the paper thinks there be many serious defects in the Transaction Cost Economics. Afterwards, the paper finds, it is the contradiction between the research objective and the methodology, and the value theory that leads to these defects. If we want to develop Transaction Cost Economics, we have to adapt the methodology and value theory to the new research objective.On the other hand, the paper finds, the Transaction Cost Economics and the economics of Karl Marx have the same research objective, both studying the relations among people and the influence which produce on the resource allocation, and also finds there are complementarities in the methodology and value theory between them. Therefore, the paper thinks the Transaction Cost Economics can draw the methodology and the value theory from the economics of Karl Marx. This work can benefits from the authorTs value theory of the Transaction Cost Economics which has been synthesized the value theory of Karl Marx, and has been proved in this paper. In fact ,if this new value theory became the value foundation of the Transaction Cost Economics, we would draw the methodology form Karl Marxism, and would remedy the defects in the Transaction Cost Economics .
Keywords/Search Tags:Transaction cost, property rights, the value of transaction, systhesize
PDF Full Text Request
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