On the Relations between Evolutionary and Contractual Theories of the Firm

    Research output: Working paperResearch

    14 Downloads (Pure)

    Abstract

    It has recently been argued by a number of writers that the evolutionary theory of the firm is a genuine theoretical rival to the contractual theory of the firm. This paper presents a reconstruction of the evolutionary theory of the firm. A taxonomy developed by the Polish philosopher Krajewski is then utilized for the purpose of the discussing the relations between the evolutionary and the contractual theory of the firm. It is possible to argue that the evolutionary and the contractual theories of the firm are rivals. However, it is also possible to argue that they have complementary areas of research, some of which are briefly described in the paper.
    Original languageEnglish
    Place of PublicationCopenhagen
    PublisherInstitut for Industriøkonomi og Virksomhedsstrategi, Handelshøjskolen i København
    Number of pages37
    ISBN (Print)8778690099
    Publication statusPublished - 1997
    SeriesWorking Paper / Department of Industrial Economics and Strategy. Copenhagen Business School
    Number1997-4
    ISSN1398-7461

    Cite this

    Foss, N. J. (1997). On the Relations between Evolutionary and Contractual Theories of the Firm. Institut for Industriøkonomi og Virksomhedsstrategi, Handelshøjskolen i København. Working Paper / Department of Industrial Economics and Strategy. Copenhagen Business School, No. 1997-4