Resource title

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

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Resource description

Prepared for Jean-Michel Glachant and Eric Brousseau, eds. New Institutional Economics: A Textbook, Cambridge: Cambridge University Press. ; Ever since its emergence in the 1970s the modern economic or Coasian theory of the firm has beendiscussed and challenged by sociologists, heterodox economists, management scholars, and othercritics. This chapter reviews and assesses these critiques, focusing on behavioral issues (boundedrationality and motivation), process (including path dependence and the selection argument), entrepreneurship,and the challenge from knowledge-based theories of the firm.JEL Codes: B4, D23, L14, L22

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Nicolai J. Foss, Peter G. Klein

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Resource language

eng

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application/pdf

Resource resource URL

http://hdl.handle.net/10398/7312

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