Towards an Austrian Theory of the Firm
AbstractIn this contribution, our aim is to melt in the same analytical framework the Austrian conceptions, on the one hand, of the structure of production, and on the other hand, of the dynamics of knowledge; and then to propose a renewed theory of the firm and more generally of the analysis of the coordination of activities of the firms. In the debate concerning the new theories of the firm, we show that it is necessary to take into account the processual dimension of both production and knowledge in order to analyse as a process the coordination of firms plans.
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Bibliographic InfoPaper provided by CERDI in its series Working Papers with number 199826.
Date of creation: 1998
Date of revision:
Publication status: Published in Review of Austrian Economics, 1999, pages 43-64
Austrian Economics; Theory of the firm;
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- Agnès Festré,, 2007. "Carl Menger and Friedrich von Wieser on the Role of Knowledge and Beliefs in the Emergence and Evolution of Institutions," ICER Working Papers 39-2007, ICER - International Centre for Economic Research.
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