Professor Oliver E. Williamson is Edgar F. Kaiser Professor of Business Administration, Professor of Economics and Professor of Law at the University of California, Berkeley. He received his SB from MIT, MBA from Stanford and PHD from Carnegie-Mellon. He is a Fellow of the Econometrics Society, the American Academy of Arts and Sciences and the American Academy of Political and Social Science. He is a Member of the National Academy of Sciences and Co-editor of the Journal of Law, Economics and Organization. Professor Williamson is a prolific writer. He has published numerous scientific papers and several books, including the acclaimed modern classic Markets and Hierarchies, and its sequel The Economic Institutions of Capitalism. His research demonstrates the power of the transaction cost approach in understanding diverse phenomena such as contract relations, vertical integration, labor unions, antitrust law and organization behavior. Seminar is open to university members and professionals