How can we understand the innovativeness of firm or organizations in general, and how should we assess it in terms of nontechnological innovation? My paper deals with these two questions. The "ability" of companies to adapt to new circumstances, to create new products, processes and new...

In this paper I argue that it makes no sense to have "innovation theories", or the use of a concept in describing the potential of social economic theories to explain the phenomenon of non-equlibirium. If we whish to explain dynamic, change, evolution, revolution, etc. in socio-economic systems,...

Many economists and psychologists refuse the idea that behaviour could be based on any other motives than selfish and hedonistic ones, at least in the context of economy, mainly based on a methodological premise, not so often on empirical research. The corresponding image of man that is inherent...

This essay addresses the role of transaction cost economics (TCE) in advancing the resource-based view. In particular, it is argued that TCE has the potential to remedy a number of weak spots in the RBV, such as the absence of attention in the RBV to the interaction between value creation and...