The Theory of the Firm and Its Critics A Stocktaking and Assessment

Ever since its emergence in the 1970s the modern economic or Coasian theory of the firm has been discussed and challenged by sociologists, heterodox economists, management scholars, and other critics. This chapter reviews and assesses these critiques, focusing on behavioral issues (bounded rationality and motivation), process (including path dependence and the selection argument), entrepreneurship, and the challenge from knowledge-based theories of the firm.

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Year of publication:	2005
Authors:	Foss, Nicolai J. ; Klein, Peter G.
Institutions:	DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies

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Extent:	application/pdf
Series:	DRUID Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	The text is part of a series DRUID Working Papers Number 05-03
Classification:	B4 - Economic Methodology ; D23 - Organizational Behavior; Transaction Costs; Property Rights ; L14 - Transactional Relationships; Contracts and Reputation; Networks ; L22 - Firm Organization and Market Structure: Markets vs. Hierarchies; Vertical Integration
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005627318