The Theory of the Firm and Its Critics: A Stocktaking and Assessment

Nicolai J. Foss, Peter G. Klein

Publikation: Working paperForskning

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Abstrakt

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
OriginalsprogEngelsk
Udgivelses stedFrederiksberg
UdgiverDRUID - Danish Research Unit for Industrial Dynamics
Antal sider24
ISBN (Trykt)8778731674
StatusUdgivet - 2005
NavnDRUID Working Paper
Nummer05-03

Citationsformater

Foss, N. J., & Klein, P. G. (2005). The Theory of the Firm and Its Critics: A Stocktaking and Assessment. DRUID - Danish Research Unit for Industrial Dynamics. DRUID Working Paper, Nr. 05-03