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Ever since its emergence in the 1970s the modern economic or Coasian theory of the firm has beendiscussed and challenged by sociologists, heterodox economists, management scholars, and othercritics. This chapter reviews and assesses these critiques, focusing on behavioral issues (boundedrationality and motivation), process (including path dependence and the selection argument), entrepreneurship,and the challenge from knowledge-based theories of the firm.JEL Codes: B4, D23, L14, L22

Publication information

Original languageEnglish
Place of PublicationKøbenhavn
Number of pages29
ISBN (print)8791506328
StatePublished - 2005

ID: 21672