Firms and the Coordination of KnowledgeSome Austrian Insights

Nicolai Foss ()

No 98-19, DRUID Working Papers from DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies

Abstract: This paper argues that Austrian economics allow us to identify a number of weak spots in the modern economics of organization. Thus, neither the dispersion of tacit and subjectively knowledge in organizations, nor the entrepreneurial discovery process are comprehensively treated in this body of thought. Thinking about these issues in the context of the firm leads to a different, but perhaps complementary perspective on economic organization.

Keywords: Austrian economics; the theory of the firm; dispersed knowledge; coordination (search for similar items in EconPapers)
JEL-codes: B15 B25 D81 L22 (search for similar items in EconPapers)
Date: 1998
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:aal:abbswp:98-19

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