Elements of a Cognitive Theory of the Firm

Bart Nooteboom

A chapter in Cognition and Economics, 2006, pp 145-175 from Emerald Group Publishing Limited

Abstract: In this paper I employ the perspective of embodied cognition to develop a ‘cognitive’ theory of the firm and organisations more in general. An organisation is any form of coordinated behavior, while a firm is a special form of organisation, with a legal identity concerning property rights, liability and employment. A possible misunderstanding of terminology should be eliminated from the start. In this paper, the terms ‘knowledge’ and ‘cognition’ have a wide meaning, going beyond rational calculation. They denote a broad range of mental activity, including proprioception, perception, sense making, categorisation, inference, value judgments, and emotions. Following others, and in line with the perspective of embodied cognition, I see cognition and emotion (such as fear, suspicion), and body and mind, as closely linked (Merleau-Ponty, 1942, 1964;Simon, 1983;Damasio, 1995, 2003;Nussbaum, 2001).

Date: 2006
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Working Paper: Elements of a Cognitive Theory of the Firm (2005)
Working Paper: Elements of a Cognitive Theory of the Firm (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:eme:aaeczz:s1529-2134(06)09006-5

DOI: 10.1016/S1529-2134(06)09006-5

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