Edith Penrose's "The theory of the growth of the firm" has offered key ingredients to an evolutionary approach to the growth of the firm. The entrepreneur enlivened by Edith Penrose in that book is revisited here, considering the role played by institutions in his decision-making. It is argued...

This paper discusses the implications of assuming agents with bounded rationality over the design of public policies towards eradicating poverty, and uses the insights to study the case of the Brazilian program Bolsa Familia. The initial assumption is that the person receiving the benefits of...

The article studies the interaction between Oliver Williamson and his audiences in the construction of Transaction Cost Economics (TCE). His attentiveness to the feedback from different groups has played a major role in the success of TCE. First we discuss briefly the relevance of rhetoric to...