Capabilities and Governance: The Rebirth of Production in the Theory of Economic Organization

Richard N. Langlois, Nicolai J. Foss

    Publikation: Working paperForskning

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    We argue that since Coase’s seminal 1937 paper on “The Nature of the Firm,” there has been an odd and unjustified separation between price theory and the economics of organization. For example, matters of production has been the domain of the former exclusively. However, a new approach to economic organization, here called “the capabilities approach,” that places production
    center-stage in the explanation of economic organization, is now emerging. We discuss the sources of this approach and its relation to the mainstream economics of organization.
    UdgiverDRUID - Danish Research Unit for Industrial Dynamics
    Antal sider44
    ISBN (Trykt)8778730201
    StatusUdgivet - 1997
    NavnDRUID Working Paper