Jim writes on Williamson: > I concluded that there was basic conflict between > capitalists and workers at the center of his theory. > Capitalists were striving to attain the collective > good for all that worked for the corporation, while > disgruntled workers were mere free riders, undermining > the collective good.
Interesting. This means, I was a free rider then, but luckily, as the CEO of my current one man company, I am a happy capitalist striving for the collective good of all. I am proud or what? I guess there is a serious theoretical problem here but hey! However, what is more interesting is his recognition of the "basic conflict between capitalists and workers". I guess this is basically what led me to conclude that he doesn't know how Marxist he is, based on my "intuition" and what I heard from him. Can Jim or anyone else who knows about "transaction costs economics" give a summary of what it is? Best Sabri
