Hayek and Organizational Studies

Nicolai Juul Foss, Peter G. Klein

    Research output: Working paperResearch

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    Abstract

    We briefly survey Hayek’s work and argue for its increasing relevance for organizational scholars. Hayek’s work inspired aspects of the transaction cost approach to the firm as well as knowledge management and knowledge-based view of the firm. But Hayek is usually seen within organizational scholarship as a narrow, technical economist. We hope to change that perception here by pointing to his work on rules, evolution, entrepreneurship and other aspects of his wide-ranging oeuvre with substantive implications for organizational theory.
    Original languageEnglish
    Place of PublicationFrederiksberg
    PublisherDjøf Forlag
    Number of pages28
    ISBN (Print)9788791815850
    Publication statusPublished - Feb 2013
    SeriesSMG Working Paper
    Number3

    Keywords

    • Friedrich Hayek
    • Organizational Theory
    • Dispersed Knowledge
    • Evolved Rules
    • Subjectivism
    • Entrepreneurship

    Cite this

    Foss, N. J., & Klein, P. G. (2013). Hayek and Organizational Studies. Djøf Forlag. SMG Working Paper, No. 3