Hayek and Organizational Studies

Nicolai J. Foss, Peter G. Klein

    Research output: Working paperResearch

    66 Downloads (Pure)


    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
    PublisherInstitut for Strategic Management and Globalization
    Number of pages28
    ISBN (Print)9788791815850
    Publication statusPublished - Feb 2013
    SeriesSMG Working Paper


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

    Cite this