Firms and the Coordination of Knowledge: Some Austrian Insights

This paper argues that Austrian economics allow us to identify a number of
weak spots in the modern economics of organization. Thus, neither the
dispersion of tacit and subjectively knowledge in organizations, nor the
entrepreneurial discovery process are comprehensively treated in this body of
thought. Thinking about these issues in the context of the firm leads to a
different, but perhaps complementary perspective on economic organization.