Organizations and Markets

Nicolai Juul Foss, Peter G. Klein, Stefan Linder

    Research output: Working paperResearch

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    Abstract

    Austrian economics focuses on markets, but has much to say about organizations. In particular, Austrian insights on the structure of production, the heterogeneity and subjectivity of resources, the nature of uncertainty, the role of monetary calculation, and the function of the entrepreneur provide solid foundations for a distinctly Austrian theory of organizations. We review these insights, discuss recent literature on Austrian economics and the theory of the firm, and suggest new directions for developing and extending an Austrian approach to organizations.
    Original languageEnglish
    Place of PublicationFrederiksberg
    PublisherDjøf Forlag
    Number of pages38
    ISBN (Print)9788791815904
    DOIs
    Publication statusPublished - Apr 2013
    SeriesSMG Working Paper
    Number8
    Volume2013

    Keywords

    • Theory of Firm
    • Firm Boundaries
    • Entrepreneurship
    • Subjectivism

    Cite this

    Foss, N. J., Klein, P. G., & Linder, S. (2013). Organizations and Markets. Djøf Forlag. SMG Working Paper, No. 8, Vol.. 2013 https://doi.org/10.2139/ssrn.2257714