Thorstein B. Veblen: Precursor of the Competence-Based Approach to the Firm

    Research output: Working paperResearch

    97 Downloads (Pure)


    This paper makes the point that Thorstein Veblen should be considered one of the important precursors of the emerging competence-based approach to the firm. Thus, the emphasis in this literature on firms as path-dependent entities characterised by their heterogeneous knowledgebases, operating under conditions of genuine uncertainty, and existing because they provide moral and cognitive communities that foster the development of productive competencies, can all be
    traced to key themes in Veblen’s work.
    Original languageEnglish
    Place of PublicationFrederiksberg
    PublisherDRUID - Danish Research Unit for Industrial Dynamics
    Number of pages29
    ISBN (Print)8778730155
    Publication statusPublished - 1996
    SeriesDRUID Working Paper

    Cite this