In this important text Christos Pitelis has brought together twelve leading academics and researchers to survey and critically assess the transaction costs, markets and hierarchies perspective in the light of recent advances. By providing up-to-date statements of their views on the limitations o the perspective it is hoped that their contributions will stimulate further debate and open up new avenues for future research.

Christos Pitelis is Barclays Bank Lecturer in Industrial Organization and Corporate Strategy. The Judge Institute of Management Studies, and Fellow in Economics, Queens' College, both at the University of Cambridge.