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mechanisms that establish this influence, and examine alternative ways in knowledge, transaction costs, and property rights …
Persistent link: https://www.econbiz.de/10012724438
In his seminal 1945 essay Hayek argued that the dispersed nature of much commercially relevant knowledge places strong … efficient use of such knowledge (the first Hayekian knowledge problem). He realized that firms, because they make use of … authority, are also challenged by dispersed knowledge, and his emphasis on delegation as a response to dispersed knowledge may …
Persistent link: https://www.econbiz.de/10012724649
The paper revisits the socioeconomic theory of the Austrian School economist Ludwig M. Lachmann. By showing that the common claim that Lachmann's idiosyncratic (read: eclectic and multidisciplinary) approach to economics entails nihilism is unfounded, it reaches the following conclusions. (1)...
Persistent link: https://www.econbiz.de/10014051184
An attempt is made to characterize a "knowledge governance approach" as a distinctive, emerging field that cuts across … the fields of knowledge management, organisation studies, strategy and human resource management. Knowledge governance is … taken up with how the deployment of administrative apparatus influences knowledge processes, such as sharing, retaining and …
Persistent link: https://www.econbiz.de/10014051315