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...American economic review june http wwwaeaweor articephp oi aer transaction cost economics the natural progression liver illiamson research program on which i and others have been working has variously described as of governance organization eco nomics s discussed in ection is overarching concept means by to breathe operational content into specific issue that drew me this proect was puzzle posed onald oase hat efficiency factors determine when a firm produces good or service its own needs rather than outsource ii my paper ertical integration roduction made headway with invited follow would eventually come be referred rudiments are set out iii uzzles challenges arose reuire pushing logic efficient completion eamined briefly oncluding remarks an overview economists if not more generally important these susceptible analysis here breathing entail eamining through lens con tract neoclassical choice recognizing interdisciplinary where theory later aspects law were oined introducing hitherto ...