Skip to content

R. C. O. Matthews Quotes

1927–2010 Scotland

Robert (R.C.O.) Charles Oliver Matthews (16 June 1927 – 19 June 2010) was a Scottish economist, Professor of Political Economy at Oxford University and later Cambridge University, and chess problemist.

Scotland
Economists
Non-fiction authors

Also known as: R.C.O. Matthews

Random R. C. O. Matthews quote

1 quote

The fundamental idea of transaction costs is that they consist of the cost of arranging a contract ex ante and monitoring and enforcing it ex post, as opposed to production costs, which are the costs of executing a contract.

Attribution

Quotes and notes from Wikiquote: R. C. O. Matthews (page history), available under CC BY-SA 4.0.