|
Abstract:
|
Ever since its emergence in the 1970s the modern economic or Coasian theory of the firm has been
discussed and challenged by sociologists, heterodox economists, management scholars, and other
critics. This chapter reviews and assesses these critiques, focusing on behavioral issues (bounded
rationality and motivation), process (including path dependence and the selection argument), entrepreneurship,
and the challenge from knowledge-based theories of the firm.
JEL Codes: B4, D23, L14, L22 |
This work is licensed under a Creative Commons License.
