“Since the 1970s, interest in economic methodology has grown dramatically, to the extent that it is now possible to view methodology as a clearly identifiable sub-discipline within economics.”

—  Roger Backhouse (economist)

Roger Backhouse, New directions in economic methodology. Vol. 3. Psychology Press, 1994. p. 1

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Roger Backhouse (economist) 4
British economist 1951

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Variant: To summarize, the production of information and its use in transactions both incur costs and are thus subject to economizing. In the 1970s, there occurred a revival of interest among economists in the economics of transaction, and Oliver Williamson in particular, building on the earlier work of Ronald Coase and John Commons, has explored the different institutional arrangements that govern transactional choices.
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