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"Williamson labels the transition from precontract to postcontract the Fundamental Transformation"
The firm is dead; long live the firm a review of Oliver E. Williamson's the economic institutions of capitalism
[size=-1]AA Alchian, S Woodward - Journal of Economic Literature, 1988 - JSTOR
... 67 subsequently administering, informing, moni- toring, and enforcing the contractually prom-
ised performance-features that dominate the transaction cost approach. Williamson labels the
transition from precontract to postcontract the Fundamental Transformation. ...
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