Faces Only in Memory

Oliver E. Williamson

  • Noted economist and Nobel laureate (2009) "for his analysis of economic governance, especially the boundaries of the firm", Oliver E. Williamson has passed away.
  • He provided a theory of why some economic transactions take place within firms and other similar transactions take place between firms, that is, in the marketplace. The theory informs us about how to handle one of the most basic choices in human organization. When should decision power be controlled inside an organization, and when should decisions be left to the market.

Denis Goldberg

  • Veteran South African anti-apartheid activist Denis Goldberg has passed away. ....
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