Economic sociology, week 8 (Christof)

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Across
  1. 4. Similar to Dalton, Freeman describes the inside of General Motors as a … system
  2. 5. Herbert Simon argues that rationality is … because of cognitive limitations to human decision-making.
  3. 7. Smith: social … is prerequisite to perfect competition.
  4. 10. Granovetter argues that Polanyi’s embeddedness is an … account.
  5. 11. Argues that firms avoid complex contracts because it undermines trust
  6. 13. Hobbes: Life in the state of nature is …, brutish, and short.
Down
  1. 1. Hobbes’ famous book that established the foundation for social contract theory.
  2. 2. Defined by Williamson as self-interest seeking with guile.
  3. 3. You can see Chandler’s, but not Smith’s.
  4. 6. Another word for hierarchical power in transaction cost economics.
  5. 8. Transaction where individuals engage in economic exchanges, rather than integrating this exchange in an organization.
  6. 9. Perrow emphasizes the problem of … in criticizing Williamson and Chandler.
  7. 12. Wrote “The nature of the firm” at the age of 23.