In this interview with Professor James G. March, we focused on the key insights stemming from his work, with a special emphasis on the lessons for organization science and organization design. We discussed the major ideas and theories that he and his coauthors generated over the several decades...

Extending Teece's landmark 1986 article, we consider how innovators benefit from value appropriation and creation. We elaborate on value appropriation, first by pointing out the importance of "industry architectures", i.e. sector-wide templates that circumscribe the division of labor; and...

In this paper we try to raise the question if it would be possible to create a distinctly sociological version of game theory, and what such a theory might look like. By a distinctly sociological version of game theory we mean a game theory that has been developed, methods and all, with...

This paper explores the interconnections between two of Herbert Simon's key concepts, bounded rationality and decomposability, and show how this unity provides the starting point for merging cognitively focused approaches to behavioral economics with evolutionary/institutional economics into a...

Recent enthusiasms have emphasised particularly ideas of “learning organisations”, calling attention both to the ways organisations learn and to the possibilities for improving organisational intelligence through increasing the rate and precision of learning. These enthusiasms have often...

To sketch an institutional approach, this paper elaborates ideas presented over 20 years ago in The New Institutionalism: Organizational Factors in Political Life (March and Olsen 1984). Institutionalism, as that term is used here, connotes a general approach to the study of political...