The Generative Nature of the Firm

Bruno Braga

MPRA Paper from University Library of Munich, Germany

Abstract: This paper discusses a meta-theoretical framework that aims to explain all forms of economic coordination using a computational complexity approach. Using a formal model inspired by Generative Grammar Theory, it establishes a demarca-tion criterion between markets and hierarchies (including hybrid forms). The hy-pothesized equivalence between economic coordination structures and linguistic structures makes it possible to explore any sequence of decision-making event outcomes, whether individual actions or social interactions, for patterns of causal relations in a way analogous to sentences in a language. This research concludes that patterns of decision-making events are categories of processes, and that eco-nomic coordination in organizational structures achieve a complexity level that is not possible in free market structures.

Keywords: Critical Realism; Generative Grammar Theory; Social Ontology; Pragmatism; Theory of the Firm (search for similar items in EconPapers)
JEL-codes: C63 D21 L21 (search for similar items in EconPapers)
Date: 2022-12-29, Revised 2023-04-09
New Economics Papers: this item is included in nep-hme
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