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."