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

Ina Drejer; Frank Skov Kristensen; Keld Laursen

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

Ina Drejer, Frank Skov Kristensen, Keld Laursen

Aalborg University

Research output: Working paper › Research

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Abstract

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 language	English
Place of Publication	Frederiksberg
Publisher	DRUID - Danish Research Unit for Industrial Dynamics
Number of pages	32
ISBN (Print)	8778730333
Publication status	Published - 1997
Externally published	Yes

Series	DRUID Working Paper
Number	97-14

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DRUID Working Paper No. 97-14Licence: CC BY-NC-ND

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Cite this

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AU - Laursen, Keld

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N2 - 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 productioncenter-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.

AB - 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 productioncenter-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.

M3 - Working paper

SN - 8778730333

T3 - DRUID Working Paper

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

PB - DRUID - Danish Research Unit for Industrial Dynamics

CY - Frederiksberg

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