Misesian Ownership and Coasian Authority in Haykian Settings

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Misesian Ownership and Coasian Authority in Haykian Settings

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dc.contributor.author Foss, Nicolai J. en_US
dc.date.accessioned 2009-02-04T10:25:21Z
dc.date.available 2009-02-04T10:25:21Z
dc.date.issued 2004-03-23T00:00:00Z en_US
dc.identifier.uri http://hdl.handle.net/10398/6869
dc.description.abstract I critically discuss a number of recent and increasingly influential claims about economic organization in the "knowledge economy." The relevant claims are that traditional authority relations will tend to disappear, the boundaries of the firm will blur, and coordination mechanisms will be very malleable (resulting in various "new organizational forms"). In order to get an analytical focus on the knowledge economy, I assume that it may be approximated by "Hayekian settings" (after Hayek 1945), that is, settings in which knowledge is distributed and where knowledge inputs are relatively more important in production than physical capital inputs. I then argue, drawing on organizational economics as well as Mises’ insights in property rights and comparative systems, that the presence of Hayekian settings does not mean that authority will disappear, etc. Thus, Misesian insights help to resurrect the Coasian firm against attacks inspired by Hayek’s writings on knowledge. en_US
dc.format.extent 22 s. en_US
dc.language eng en_US
dc.relation.ispartofseries LINK Working paper;2001-19 en_US
dc.title Misesian Ownership and Coasian Authority in Haykian Settings en_US
dc.type wp en_US
dc.contributor.corporation Copenhagen Business School. CBS en_US
dc.contributor.department Institut for International Økonomi og Virksomhedsledelse
dc.contributor.departmentshort LINK en_US
dc.contributor.departmentshort INT
dc.contributor.departmentuk Department of International Economics and Management
dc.contributor.departmentukshort INT
dc.idnumber x656406363 en_US
dc.publisher.city København en_US
dc.publisher.year 2001 en_US
dc.title.subtitle The Case of the Knowledge Economy en_US


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