Douglass North
chats with Estomih Nkya
after holding a question-answer session on
understanding
the process of economic
change.
Faculty and
participants lunch together on
the terrace at Westward Look Resort.
Lee Benham urges
participants to follow Ronald Coase's research advice: "Pick up
the gold!"
During a coffee
break, Sebastián Galiani and
Nick Parker share ideas.
Between sessions, Meelis Kitsing,
Estomih Nkya, Olga Nashchekina, Utku Teksöz, and Sandro Cabral savor
the Arizona sunshine.
Oliver Williamson
meets with Mary Shirley and other workshop faculty and participants before his speech, "Operationalizing
Transaction Cost Economics."