New Institutional Economics: The Theory of the Firm and Its Critics: A Stocktaking and Assessment
By N. J. Foss, Peter G. Klein. 2005
176 citations recorded by the source corpus.
Ever since its emergence in the 1970s the modern economic or Coasian theory of the firm has been discussed and challenged by sociologists, heterodox economists, management scholars, and other critics. This chapter reviews and assesses these critiques, focusing on behavioral issues (bounded rationality and motivation), process (including path dependence and the selection argument), entrepreneurship, and the challenge from knowledge-based theories of the firm.
Subfields: Accounting, Economics and Econometrics, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/be83614be14a8e98b1ba8f2af91d49a9e1a9714b
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In Accounting
- N. J. Foss
- Sylvia Maxfield
- Peter G. Klein
- Kirsten Foss
- Joseph T. Mahoney
- Torben Pedersen
- Christos N. Pitelis
- Dimo Dimov
In Economics and Econometrics
- N. J. Foss
- Peter G. Klein
- Sylvia Maxfield
- Kirsten Foss
- Torben Pedersen
- Joseph T. Mahoney
- Torben Juul Andersen
- Christian Bjørnskov
In Strategy and Management
- N. J. Foss
- Kirsten Foss
- Peter G. Klein
- Sylvia Maxfield
- Torben Pedersen
- Torben Juul Andersen
- Dana B. Minbaeva
- Bent Petersen
Citations in the corpus
- Original and Derived Judgment: An Entrepreneurial Theory of Economic Organization (2007, methodology): “For more on the contrast between Knight and Kirzner, see Foss and Klein (2005).”
- Entrepreneurship, Subjectivism, and the Resource-Based View: Towards a New Synthesis (2008, unknown): “In a simplifi ed theoretical framework that is posited to consist of homogeneous capital (including homogeneous human capital) the entrepreneur’s problem is simple and there is no basis for sustained economic rents (Barney, 1991; Foss and Klein, 2005).”