The Limits to Designed Orders

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dc.contributor.author	Foss, Kirsten	en_US
dc.contributor.author	Foss, Nicolai	en_US
dc.date.accessioned	2009-02-04T10:26:39Z
dc.date.available	2009-02-04T10:26:39Z
dc.date.issued	2004-01-23T00:00:00Z	en_US
dc.identifier.isbn	8791506077	en_US
dc.identifier.uri	http://hdl.handle.net/10398/7291
dc.description.abstract	We examine the argument, put forward by modern management writers and, in a somewhat different guise by Austrian economists, that authority is not a viable mechanism of coordination in the presence of "distributed knowledge" (which corresponds to Hayek’s treatment of the use of dispersed knowledge in society). We define authority and distributed knowledge and argue that authority is compatible with distributed knowledge. Moreover, it is not clear on theoretical grounds how distributed knowledge impacts on economic organization. An implication is that the Austrian argument that designed orders are strongly constrained by the Hayekian knowledge problem (Hayek, Kirzner, Sautet) is shaky. The positive flipside of this argument is that Austrians confront an exciting research agenda in theorizing how distributed knowledge impacts economic organization.	en_US
dc.format.extent	24 s.	en_US
dc.language	eng	en_US
dc.relation.ispartofseries	CKG Working paper;2003-07	en_US
dc.subject.other	austrian economics	en_US
dc.subject.other	videnledelse	en_US
dc.subject.other	centralisering-ledelse	en_US
dc.subject.other	distribuerede systemer	en_US
dc.title	The Limits to Designed Orders	en_US
dc.type	wp	en_US
dc.accessionstatus	modt04jan23 inrumo	en_US
dc.contributor.corporation	Copenhagen Business School. CBS	en_US
dc.contributor.department	Institut for Industriøkonomi og Virksomhedsstrategi	en_US
dc.contributor.department	Institut for Ledelse, Politik og Filosofi
dc.contributor.departmentshort	IVS
dc.contributor.departmentshort	LPF
dc.contributor.departmentuk	Department of Industrial Economics & Strategy	en_US
dc.contributor.departmentuk	Department of Management, Politics and Philosophy
dc.contributor.departmentukshort	IES
dc.contributor.departmentukshort	MPP
dc.idnumber	8791506077	en_US
dc.publisher.city	København	en_US
dc.publisher.year	2003	en_US
dc.title.subtitle	Authority under "Distributed Knowledge"	en_US