Lee Benham

Professor Emeritus
PhD, Stanford University
research interests:
  • New Institutional Economics
  • Industrial Organization
  • Development
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    • Department of Economics
    • MSC 1208‐228‐308
    • Washington University in St. Louis
    • One Brookings Drive
    • St. Louis, MO 63130-4899
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    Lee Benham has published on the regulation of the professions, the economics of information, health economics, labor, and governance, in journals including, among others, The Journal of Law and EconomicsThe Journal of Political EconomyThe Review of Economics and StatisticsThe Journal of Health Economics, and Economic Inquiry.  His recent research focuses on transaction costs as a measure of institutions and as a barrier to development.

    Lee Benham received his Ph.D. from Stanford University and was a faculty member of the University of Chicago, prior to joining Washington University in 1974.  He has taught comparative systems, labor economics, industrial organization, and health economics. Through Washington University, the International Society of New Institutional Economics, and the Ronald Coase Institute, he has been working with Alexandra Benham to build a network of scholarly researchers in new institutional economics around the world.


      • Who’s Who in Economics:  A Biographical Dictionary of Major Economists 1700-1986, Cambridge: MIT Press, 1986.
      • Recognized as author of a citation classic by the Social Sciences Citation Index.
      • International Society for New Institutional Economics – Lifetime Achievement Award, 2008.