Entrepreneurship and the Firm

Austrian Perspectives on Economic Organization

Inbunden, Engelska, 2002

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While characteristically 'Austrian' themes such as entrepreneurship, economic calculation, tacit knowledge and the temporal structure of capital are clearly relevant to the business firm, Austrian economists have said relatively little about management, organization, and strategy. This innovative book features 12 chapters that all seek to advance the understanding of these issues by drawing on Austrian ideas. Building on existing research in transaction cost economics, agency theory, evolutionary economics and the resource-based theory of the firm, the authors cover a wide range of theoretical and applied topics. These include knowledge management, authority and hierarchy, modularity, corporate restructuring, telecommunications regulation and competitive advantage. They clearly show how Austrian ideas can usefully engage, challenge and extend more mainstream perspectives on economic organization. There are many books on Austrian economics and many more on the theory of the firm, but virtually none that integrate these two bodies of literature. Scholars of Austrian economics and academics interested in strategy, organization and the theory of the firm will draw great value from this insightful book.

Produktinformation

Utgivningsdatum2002-09-26
Mått156 x 234 x undefined mm
FormatInbunden
SpråkEngelska
FörlagEdward Elgar Publishing Ltd
ISBN9781840646603

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Contents: Introduction – Entrepreneurship and the Firm: Austrian Perspectives on Economic Organization Nicolai J. Foss and Peter G. Klein1. Explaining Firms Brian J. Loasby2. Modularity in Technology and Organization Richard N. Langlois3. Economic Organization in the Knowledge Economy: An Austrian Perspective Nicolai J. Foss4. Knowledge: A Challenge for the Austrian Theory of the Firm Pierre Garrouste5. Schumpeter’s and Kirzner’s Entrepreneur Reconsidered: Corporate Entrepreneurship, Subjectivism and the Need for a Theory of the Firm Wolfgang Gick6. Economic Organization and the Trade-offs between Productive and Destructive Entrepreneurship Kirsten Foss and Nicolai J. Foss7. Entrepreneurship, Contracts and the Corporate Firm: Austrian Insights on the Contractual Nature of Business Organization Stavros Ioannides8. Costs of Contracting, Psychology of Entrepreneurship and Capabilities of Firms Martti Vihanto9. Do Entrepreneurs Make Predictable Mistakes? Evidence from Corporate Divestitures Peter G. Klein and Sandra K. Klein10. Telecommunications Mergers and Theories of the Firm 11. Rents and Resources: A Market Process Perspective Jerry Ellig11. Rents and Resources: A Market Process PerspectivePeter Lewin and Steven E. Phelan12. Resource-Advantage Theory and Austrian Economics Shelby HuntIndex

'This volume is a positive contribution to Austrian economics. . . The contributors cast new light on problems that were not considered from the outset as genuine to Austrian economics: this includes theoretical problems, such as property rights, learning, and incentives, as well as empirical, and perhaps more exotic problems from an Austrian point of view, such as corporate governance and industrial organization.'