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Demsetz belonged to the Chicago school of economic theory, and was one of the pioneers of the approach now called New Institutional Economics. He is a founder of the field of managerial economics. He has expanded the theory of property rights now prevalent in law and economics. Even though Demsetz never employed game theory, he is a major figure in industrial organization through his writings on the theory of the firm, antitrust policy, and business regulation. His expository style is devoid of mathematical formalism to an extent unusual for someone who began his career after 1950.
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MISES: Interdisciplinary Journal of Philosophy, Law and Economics (2019)
Ian Adams,Philippe Aghion,Patrick Bolton,Varouj A Aivazian,Ying Ge,Jiaping Qiu, Martin Albrow,Armen A Alchian,Harold Demsetz, Gordon W Allport,Gabriel A Almond,GA Almond,
The Political Economy of Banking Governance in Chinano. 3 (2017): xiii-xiii
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