The Economic Institutions of Capitalism
E572625
The Economic Institutions of Capitalism is a seminal work in transaction cost economics that analyzes how firms, markets, and contractual arrangements are structured to govern economic transactions under capitalism.
All labels observed (1)
| Label | Occurrences |
|---|---|
| The Economic Institutions of Capitalism canonical | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T6176034 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: The Economic Institutions of Capitalism Context triple: [Oliver E. Williamson, notableWork, The Economic Institutions of Capitalism]
-
A.
A Theory of Socialism and Capitalism
A Theory of Socialism and Capitalism is a libertarian economic and political treatise that contrasts socialist and capitalist systems from an Austrian School and anarcho-capitalist perspective.
-
B.
Discovery and the Capitalist Process
"Discovery and the Capitalist Process" is a seminal work in Austrian economics that explores the role of entrepreneurial discovery in driving market coordination and economic progress within a capitalist system.
-
C.
The Economic Point of View
The Economic Point of View is a foundational work in Austrian economics by Israel Kirzner that clarifies and defends the distinct methodological perspective of economic science.
-
D.
The Literature of Political Economy
The Literature of Political Economy is a 19th-century bibliographical and critical survey of economic writings compiled by Scottish economist John Ramsay McCulloch.
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E.
A Theory of Economic History
A Theory of Economic History is an influential work by economist John R. Hicks that applies economic theory to interpret and explain long-term historical development and institutional change.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: The Economic Institutions of Capitalism Target entity description: The Economic Institutions of Capitalism is a seminal work in transaction cost economics that analyzes how firms, markets, and contractual arrangements are structured to govern economic transactions under capitalism.
-
A.
A Theory of Socialism and Capitalism
A Theory of Socialism and Capitalism is a libertarian economic and political treatise that contrasts socialist and capitalist systems from an Austrian School and anarcho-capitalist perspective.
-
B.
Discovery and the Capitalist Process
"Discovery and the Capitalist Process" is a seminal work in Austrian economics that explores the role of entrepreneurial discovery in driving market coordination and economic progress within a capitalist system.
-
C.
The Economic Point of View
The Economic Point of View is a foundational work in Austrian economics by Israel Kirzner that clarifies and defends the distinct methodological perspective of economic science.
-
D.
The Literature of Political Economy
The Literature of Political Economy is a 19th-century bibliographical and critical survey of economic writings compiled by Scottish economist John Ramsay McCulloch.
-
E.
A Theory of Economic History
A Theory of Economic History is an influential work by economist John R. Hicks that applies economic theory to interpret and explain long-term historical development and institutional change.
- F. None of above. chosen
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
book
ⓘ
economics book ⓘ |
| analyzes |
contractual hazards and safeguards
ⓘ
determinants of vertical integration decisions ⓘ how firms are structured to minimize transaction costs ⓘ role of asset specificity in governance choice ⓘ |
| author |
Oliver E. Williamson
NERFINISHED
ⓘ
Oliver Williamson NERFINISHED ⓘ |
| countryOfOrigin |
United States of America
ⓘ
surface form:
United States
|
| describedAs |
classic in new institutional economics
ⓘ
seminal work in transaction cost economics ⓘ |
| emphasizesConcept |
asset specificity
ⓘ
bounded rationality ⓘ incomplete contracts ⓘ opportunism ⓘ |
| field |
industrial organization
ⓘ
law and economics ⓘ microeconomics ⓘ |
| focusesOn |
comparative analysis of markets and hierarchies
ⓘ
governance of contractual relations ⓘ organization of economic activity within firms and markets ⓘ |
| genre |
economic theory
ⓘ
institutional economics ⓘ transaction cost economics ⓘ |
| hasPart |
applications to antitrust and regulation
ⓘ
case studies of economic organization ⓘ theoretical chapters on transaction cost economics ⓘ |
| influenced |
contract theory
ⓘ
corporate governance research ⓘ organizational economics ⓘ strategy and management studies ⓘ |
| introducesConcept | governance as the means to infuse order in transactions ⓘ |
| language | English ⓘ |
| mainSubject |
capitalism
ⓘ
contracts ⓘ economic institutions ⓘ firms ⓘ governance structures ⓘ hierarchies and markets ⓘ markets ⓘ transaction costs ⓘ vertical integration ⓘ |
| publicationYear | 1985 ⓘ |
| publisher | The Free Press NERFINISHED ⓘ |
| relatedWork |
Markets and Hierarchies
NERFINISHED
ⓘ
The Mechanisms of Governance NERFINISHED ⓘ |
| theoreticalFramework |
new institutional economics
ⓘ
transaction cost economics ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: The Economic Institutions of Capitalism Description of subject: The Economic Institutions of Capitalism is a seminal work in transaction cost economics that analyzes how firms, markets, and contractual arrangements are structured to govern economic transactions under capitalism.
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.