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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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.
Udgivelses stedKøbenhavn
UdgiverThe Center for Knowledge Governance. Department of Management, Politics and Philosophy, Copenhagen Business School
Antal sider24
ISBN (Trykt)8791506328
StatusUdgivet - jan. 2005
NavnCKG Working Paper


  • Theory of the firm