This stimulating research review analyses how the theory of the firm evolved from several core concepts and building blocks that underpin this important area of economics. It discusses a variety of perspectives from leading scholars in the field, including the basic elements of: risk and uncertainty; information and knowledge; bounded rationality and decision making; motives and incentives; resources and capabilities; and transactions. The review goes on to examine 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. This comprehensive review will be 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.
| ISBN: | 9781786430694 |
| Publication date: | 2nd September 2019 |
| Author: | David J Teece, Neil M Kay |
| Publisher: | Edward Elgar Publishing |
| Format: | Hardback |
| Pagination: | 1712 pages |
| Series: | The International Library of Critical Writings in Economics Series |
| Genres: |
Economic theory and philosophy Microeconomics Industry and industrial studies |
This stimulating research review analyses how the theory of the firm evolved from several core concepts and building blocks that underpin this important area of economics. It discusses a variety of perspectives from leading scholars in the field, including the basic elements of: risk and uncertainty; information and knowledge; bounded rationality and decision making; motives and incentives; resources and capabilities; and transactions. The review goes on to examine 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. This comprehensive review will be 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.
The Evolution of the Theory of the Firm features in the following genres: Economic theory and philosophy, Microeconomics, Industry and industrial studies
The Evolution of the Theory of the Firm is available in Hardback
The Evolution of the Theory of the Firm was written by David J Teece, Neil M Kay and published by Edward Elgar Publishing
The Evolution of the Theory of the Firm has 1712 pages
Yes it is part of The International Library of Critical Writings in Economics Series series