The evolution of the theory of the firm

"This innovative collection of readings analyses how the theory of the firm evolved from several core concepts and building blocks that underpin this important area of economics. The first volume presents a variety of perspectives from leading scholars in the field before introducing the basic...

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Bibliographic Details
Other Authors: Teece, David J. (Editor), Kay, Neil M. (Editor)
Format: eBook
Language:English
Published: Northampton Edward Elgar Publishing 2019, 2019
Series:The international library of critical writings in economics series
Subjects:
Online Access:
Collection: Edward Elgar eBooks Collection Business & Economics - Collection details see MPG.ReNa
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020 |a 9781786430700 
050 4 |a HF1008 
100 1 |a Teece, David J.  |e [editor] 
245 0 0 |a The evolution of the theory of the firm  |h Elektronische Ressource  |c Edited by David J. Teece (Professor of Global Business, Haas School of Business, University of California, Berkeley, and Chairman, Berkeley Research Group, US) and Neil M. Kay (Professor, Edinburgh Business School, Heriot-Watt University and Emeritus Professor, Economics Department, Strathclyde University, UK) 
260 |a Northampton  |b Edward Elgar Publishing  |c 2019, 2019 
300 |a 1,712 pages 
505 0 |a An Assessment', Journal of Economic Behavior and Organization, 7 (1), March, 21-45 -- 1. Douglass C. North (1986), 'The New Institutional Economics', Journal of Institutional and Theoretical Economics: 3rd Symposium on The New Institutional Economics, 142 (1), March, 230-37 -- 2. Oliver Hart (2001), 'Norms and the Theory of the Firm', University of Pennsylvania Law Review, Symposium: Norms and Corporate Law, 149 (6), June, 1701-15 -- 3. Markus C. Becker (2005), 'The Concept of Routines: Some Clarifications', Cambridge Journal of Economics, 29 (2), March, 249-62 -- 4. Richard R. Nelson and Sidney G. Winter (1982), 'Organizational Capabilities and Behavior', in An Evolutionary Theory of Economic Change, Part II, Chapter 5, Cambridge, MA, USA and London, UK: Belknap Press of Harvard University Press, 96-136, references --  
505 0 |a Fundamental Research Issues in Strategy and Economics, 12 (S2), Winter, 31-50 -- 39. Pierre Garrouste and Stéphane Saussier (2005), 'Looking for a Theory of the Firm: Future Challenges', Journal of Economic Behavior and Organization, 58 (2), October, 178-99 -- 22. Oliver E. Williamson (1975), 'The Multidivisional Structure', in Markets and Hierarchies: Analysis and Antitrust Implications, Chapter 8, New York, NY, USA: The Free Press, 132-54, references -- 23. Armen A. Alchian and Harold Demsetz (1972), 'Production, Information Costs, and Economic Organization', American Economic Review, 62 (5), December, 777-95 -- 24. William G. Ouchi (1980), 'Markets, Bureaucracies, and Clans', Administrative Science Quarterly, 25 (1), March, 129-41 --  
505 0 |a Agency, Contracting, and Capabilities Perspectives', in Dennis C. Mueller (ed.), The Oxford Handbook of Capitalism, Part III, Chapter 8, New York, NY, USA: Oxford University Press, 220-49 -- 37. Paul Milgrom and John Roberts (1988), 'Economic Theories of the Firm: Past, Present, and Future', Canadian Journal of Economics, XXI (3), August, 444-58 -- 20. Alfred D. Chandler, Jr. ([1962] 1990), 'Conclusion - Chapters in the History of the Great Industrial Enterprise', in Strategy and Structure: Chapters in the History of the American Industrial Enterprise, Cambridge, MA, USA and London, UK: MIT Press, 383-96, notes -- 38. Christos N. Pitelis and David J. Teece (2009), 'The (New) Nature and Essence of the Firm', European Management Review, 6 (1), Spring, 5-15 --  
505 0 |a Concepts, Evidence, and Implications', Academy of Management Review, 20 (1), January, 65-91 -- 35. David J. Teece (2010), 'Technological Innovation and the Theory of the Firm: The Role of Enterprise-Level Knowledge, Complementaries, and (Dynamic) Capabilities', in Bronwyn H. Hall and Nathan Rosenberg (eds), Handbook of the Economics of Innovation, Volume I, Part III, Chapter 16, Amsterdam, the Netherlands: North-Holland Publishing Company, 679-730 -- 18. Albert O. Hirschman (1980), 'Exit, Voice, and Loyalty: Further Reflections and a Survey of Recent Contributions', Milbank Memorial Fund Quarterly: Health and Society, 58 (3), Summer, 430-53 -- 36. Sidney G. Winter (2006), 'The Logic of Appropriability: From Schumpeter to Arrow to Teece', Research Policy, 35 (8), October, 1100-106 --  
505 0 |a Exchange Conditions and Social Mechanisms', Academy of Management Review, 22 (4), October, 911-45 -- 26. J. Carlos Jarillo (1988), 'On Strategic Networks', Strategic Management Journal, 9 (1), January-February, 31-41 -- 27. Walter W. Powell (1987), 'Hybrid Organizational Arrangements: New Form or Transitional Development?', California Management Review, 30 (1), Fall, 67-87 -- 28. Sumantra Ghoshal and Christopher A. Bartlett (1990), 'The Multinational Corporation as an Interorganizational Network', Academy of Management Review, 15 (4), October, 603-25 -- 29. Thorstein Veblen (1898), 'Why is Economics not an Evolutionary Science?', Quarterly Journal of Economics, 12 (4), July, 373-97 --  
505 0 |a Blackwell Publishers, 161-76 
505 0 |a Includes bibliographical references and index 
505 0 |a Risk, Uncertainty, and Strategy in the Innovation Economy', California Management Review, 58 (4), Summer, 13-35 -- 12. Michael Polanyi ([1966] 2009), 'Tacit Knowing', in The Tacit Dimension, with a new foreword by Amartya Sen, Chapter 1, Chicago, IL, USA and London, UK: University of Chicago Press, 3-25 -- 13. Kenneth J. Arrow (1962), 'Economic Welfare and the Allocation of Resources for Invention', in Universities-National Bureau Committee for Economic Research and Committee on Economic Growth of the Social Science Research Council (eds), The Rate and Direction of Inventive Activity: Economic and Social Factors, Part VI, Princeton, NJ, USA: Princeton University Press and New York, NY, USA: National Bureau of Economic Research, 609-26 -- 14. F. A. Hayek (1945), 'The Use of Knowledge in Society', American Economic Review, XXXV (4), September, 519-30 --  
505 0 |a Introduction and Impact', Organization Science, 18 (3), May-June, 337-49 -- 22. Oliver Hart (1990), 'Is "Bounded Rationality" an Important Element of a Theory of Institutions?', Journal of Institutional and Theoretical Economics, 146 (4), December, 696-702 -- 23. Amos Tversky and Daniel Kahneman (1981), 'The Framing of Decisions and the Psychology of Choice', Science, 211 (4481), 30th January, 453-58 -- 24. Dale T. Miller (1999), 'The Norm of Self-Interest', American Psychologist, 54 (12), December, 1053-60 -- 25. Michael C. Jensen (1994), 'Self-Interest, Altruism, Incentives, and Agency Theory', Journal of Applied Corporate Finance, 7 (2), Summer, 40-45 --  
505 0 |a Harper and Row Publishers, 81-86 -- 31. W. Brian Arthur (1989), 'Competing Technologies, Increasing Returns, and Lock-In by Historical Events', Economic Journal, 99 (394), March, 116-31 -- 32. Giovanni Dosi (2013), 'Innovation, Evolution, and Economics: Where We Are and Where We Should Go', in Jan Fagerberg, Ben R. Martin and Esben Sloth Andersen (eds), Innovation Studies: Evolution and Future Challenges, Part I, Chapter 5, New York, NY, USA: Oxford University Press, 111-33 
505 0 |a 1. Nicolai J. Foss, Henrik Lando and Steen Thomsen (2000), 'The Theory of the Firm', in Boudewijn Bouckaert and Gerrit De Geest (eds), Encyclopedia of Law and Economics, Volume III: The Regulation of Contracts, Article No. 5610, Cheltenham, UK and Northampton, MA, USA: Edward Elgar Publishing, 631-58 -- 2. Fritz Machlup (1967), 'Theories of the Firm: Marginalist, Behavioral, Managerial', American Economic Review, LVII (1), March, 1-33 -- 3. Oliver Hart (1989), 'An Economist's Perspective on the Theory of the Firm', Columbia Law Review: Contractual Freedom in Corporate Law, 89 (7), November, 1757-74 -- 4. Harold Demsetz (1988), 'The Theory of the Firm Revisited', Journal of Law, Economics, and Organization, 4 (1), Spring, 141-61 -- 5. Brian J. Loasby (1971), 'Hypothesis and Paradigm in the Theory of the Firm', Economic Journal, 81 (324), December, 863-85 --  
505 0 |a A Critique of the Transaction Cost Theory', Academy of Management Review, 21 (1), January, 13-47 -- 40. Neil M. Kay (2015), 'Coase and the Contribution of "The Nature of the Firm"', Managerial and Decision Economics, Special Issue: Coase and the Theory of the Firm, 36 (1), January, 44-54 -- 41. David J. Teece (1980), 'Economies of Scope and the Scope of the Enterprise', Journal of Economic Behavior and Organization, 1 (3), September, 223-47 -- 42. David J. Teece (1982), 'Towards an Economic Theory of the Multiproduct Firm', Journal of Economic Behavior and Organization, 3 (1), March, 39-63 -- 43. Kirk Monteverde and David J. Teece (1982), 'Supplier Switching Costs and Vertical Integration in the Automobile Industry', Bell Journal of Economics, 13 (1), Spring, 206-13 --  
505 0 |a Adjustment of Long-Term Economic Relations under Classical, Neoclassical, and Relational Contract Law', Northwestern University Law Review, 72 (6), 854-905 -- 38. Oliver E. Williamson (1981), 'The Economics of Organization: The Transaction Cost Approach', American Journal of Sociology, 87 (3), November, 548-77 
505 0 |a The Entrepreneurial Theory of the Firm, 44 (7), November, 1057-63 -- 12. David J. Teece (2016), 'Dynamic Capabilities and Entrepreneurial Management in Large Organizations: Toward a Theory of the (Entrepreneurial) Firm', European Economic Review, 86, July, 202-16 -- 13. Alfred Marshall ([1890] 1920), 'Industrial Organization, Continued. Business Management', in Principles of Economics: An Introductory Volume, 8th edn, Book IV, Chapter XII, London, UK: Macmillan and Co., 291-313 
505 0 |a Do We Have a New Theory of the Firm?', Journal of Management, 17 (1), March, 121-54 -- 32. Jeroen Kraaijenbrink, J.-C. Spender and Aard J. Groen (2010), 'The Resource-Based View: A Review and Assessment of Its Critiques', Journal of Management, 36 (1), January, 349-72 -- 33. David J. Teece, Gary Pisano and Amy Shuen (1997), 'Dynamic Capabilities and Strategic Management', Strategic Management Journal, 18 (7), August, 509-33 -- 34. David J. Teece (2014), 'The Foundations of Enterprise Performance: Dynamic and Ordinary Capabilities in an (Economic) Theory of Firms', Academy of Management Perspectives: Symposium, 28 (4), November, 328-52 -- 35. David J. Teece (2019), 'A Capability Theory of the Firm: An Economics and (Strategic) Management Perspective', New Zealand Economic Papers, 53 (1), 1-43 --  
505 0 |a Augustus M. Kelley, 197-232 -- 7. John Maynard Keynes (1936), 'The State of Long-Term Expectation', in The General Theory of Employment, Interest and Money, Book IV, Chapter 12, New York, NY, USA: Harcourt, Brace and World, 147-64 -- 8. Armen A. Alchian (1950), 'Uncertainty, Evolution, and Economic Theory', Journal of Political Economy, 58 (3), June, 211-21 -- 9. Richard N. Langlois and Metin M. Cosgel (1993), 'Frank Knight on Risk, Uncertainty, and the Firm: A New Interpretation', Economic Inquiry, XXXI (3), July, 456-65 -- 10. Kenneth J. Arrow (1982), 'Risk Perception in Psychology and Economics', Economic Inquiry, XX (1), January, 1-9 --  
505 0 |a The Macmillan Company, 119-25 -- 15. Harold Demsetz (1983), 'The Structure of Ownership and the Theory of the Firm', Journal of Law and Economics: Corporations and Private Property: A Conference Sponsored by the Hoover Institution, XXVI (2), June, 375-90 -- 33. David J. Teece (1986), 'Profiting from Technological Innovation: Implications for Integration, Collaboration, Licensing and Public Policy', Research Policy, 15 (6), December, 285-305 -- 16. Oliver E. Williamson (2002), 'The Theory of the Firm as Governance Structure: From Choice to Contract', Journal of Economic Perspectives, 16 (3), Summer, 171-95 -- 34. David J. Teece (2006), 'Reflections on "Profiting from Innovation"', Research Policy, 35 (8), October, 1131-46 --  
505 0 |a Implications for Transaction Cost Theory', Academy of Management Review, 15 (3), July, 500-13 -- 28. Michael L. Barnett and Robert M. Salomon (2012), 'Does it Pay to be Really Good? Addressing the Shape of the Relationship between Social and Financial Performance', Strategic Management Journal, 33 (11), November, 1304-20 -- 29. Alexander Pepper and Julie Gore (2015), 'Behavioral Agency Theory: New Foundations for Theorizing About Executive Compensation', Journal of Management, 41 (4), May, 1045-68 -- 30. Edith T. Penrose (1960), 'The Growth of the Firm - A Case Study: The Hercules Powder Company', Business History Review, 34 (1), Spring, 1-23 --  
505 0 |a An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle, trans. by Redvers Opie, with a new introduction by John E. Elliott, Chapter IV, New Brunswick, NJ, USA and London UK: Transaction Publishers, 128-56 -- 6. Joseph A. Schumpeter ([1942] 1962), 'Crumbling Walls', in Capitalism, Socialism and Democracy, Part II, Chapter XII, New York, NY, and Evanston, IL, USA: Harper and Row Publishers, 131-42 -- 7. Edith Tilton Penrose (1959), 'The Productive Opportunity of the Firm and the "Entrepreneur"', in The Theory of the Growth of the Firm, Chapter III, New York, NY, USA: John Wiley and Sons, 31-42 -- 8. Richard N. Langlois (2007), 'The Entrepreneurial Theory of the Firm and the Theory of the Entrepreneurial Firm', Journal of Management Studies, Special Issue: The Entrepreneurial Theory of the Firm, 44 (7), November, 1107-24 --  
505 0 |a A New Perspective on the Theory of the Firm', Industrial and Corporate Change, 9 (1), March, 1-20 -- 16. David J. Teece (1981), 'The Multinational Enterprise: Market Failure and Market Power Considerations', Sloan Management Review, 22 (3), Spring, 3-17 -- 17. Bruce Kogut and Udo Zander (1993), 'Knowledge of the Firm and the Evolutionary Theory of the Multinational Corporation', Journal of International Business Studies, 24 (4), December, 625-45 -- 18. Herbert A. Simon (1972), 'Theories of Bounded Rationality', in C. B. McGuire and Roy Radner (eds), Decision and Organization: A Volume in Honor of Jacob Marschak, Chapter 8, Amsterdam, the Netherlands: North-Holland Publishing Company, 161-76 --  
653 |a Business enterprises / Research 
700 1 |a Kay, Neil M.  |e [editor] 
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989 |b ZDB-1-EEM  |a Edward Elgar eBooks Collection Business & Economics 
490 0 |a The international library of critical writings in economics series 
856 4 0 |u https://www.elgaronline.com/view/Research_Reviews/9781786430694/9781786430694.xml  |x Verlag  |3 Volltext 
082 0 |a 380 
520 |a "This innovative collection of readings analyses how the theory of the firm evolved from several core concepts and building blocks that underpin this important area of economics. The first volume presents a variety of perspectives from leading scholars in the field before introducing the basic elements of: risk and uncertainty; information and knowledge; bounded rationality and decision making; motives and incentives; resources and capabilities; and transactions. The second volume looks at how the various elements are integrated into the modern Theory of the Firm with the notion of organization coming increasingly to the fore. It focuses on norms; rules and routines; the entrepreneur; governance; hierarchies; co-operation, teams and networks; innovation and appropriability. Together with an introduction by the editors, this collection is an invaluable reference tool for all researchers and students with an interest in the modern theory of the firm, highlighting how it needs to evolve further to address the important management and policy issues of our time"--