Studies of Clusters as a Basis for Industrial and Technology Policy in the Danish Economy

Ina Drejer, Frank Skov Kristensen, Keld Laursen

Research output: Working paperResearch

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We argue that since Coase’s seminal 1937 paper on “The Nature of the Firm,” there has been an odd and unjustified separation between price theory and the economics of organization. For example, matters of production has been the domain of the former exclusively. However, a new approach to economic organization, here called “the capabilities approach,” that places production
center-stage in the explanation of economic organization, is now emerging. We discuss the sources of this approach and its relation to the mainstream economics of organization.
Original languageEnglish
Place of PublicationFrederiksberg
PublisherDRUID - Danish Research Unit for Industrial Dynamics
Number of pages32
ISBN (Print)8778730333
Publication statusPublished - 1997
Externally publishedYes
SeriesDRUID Working Paper

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