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Routines and leadership in Schumpeter and von Mises' analysis of economic change

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Author Info
Agnès Festré () (GREDEG - Groupe de Recherche en Droit, Economie et Gestion - CNRS : UMR6227 - Université de Nice Sophia-Antipolis)
Nathalie Lazaric () (GREDEG - Groupe de Recherche en Droit, Economie et Gestion - CNRS : UMR6227 - Université de Nice Sophia-Antipolis)

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Abstract

The purpose of our contribution is to analyse the notion of routine as it is developed in recent economic literature in the light of two past economists, Joseph Schumpeter and Ludwig von Mises. We will focus on one peculiar feature put forward by the two Austrian economists, namely, on the distinction between adaptive / routine-minded behaviour on one side, and active / creative behaviour on the other. According to us, this feature is worth emphasizing since it permits to shed some new light on the long disputed Nelson and Winter's conception of routines. Our conjecture is that if Nelson and Winter had taken up the aforementioned distinction, they would have developed a richer view of economic behaviour and of its interweaving within the firm or the social environment.

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Paper provided by HAL in its series Post-Print with number halshs-00271338_v1.

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Date of creation: 2007
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Publication status: Published, The Conference Proceedings on "Economics and Institutions". Contributions from the history of economic thought, Franco Angeli (Ed.), 2007, 295-316
Handle: RePEc:hal:journl:halshs-00271338_v1

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Keywords: Routines; Schumpeter; von Mises;

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  1. Nelson, Richard R. & Sampat, Bhaven N., 2001. "Making sense of institutions as a factor shaping economic performance," Journal of Economic Behavior & Organization, Elsevier, vol. 44(1), pages 31-54, January. [Downloadable!] (restricted)
  2. Hodgson, Geoffrey M, 1997. "The Ubiquity of Habits and Rules," Cambridge Journal of Economics, Oxford University Press, vol. 21(6), pages 663-84, November.
  3. Witt, Ulrich, 1999. " Do Entrepreneurs Need Firms? A Contribution to a Missing Chapter in Austrian Economics," The Review of Austrian Economics, Springer, vol. 11(1-2), pages 99-109. [Downloadable!] (restricted)
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  4. Nathalie Lazaric & Alain Raybaut, 2005. "Knowledge, hierarchy and the selection of routines: an interpretative model with group interactions," Journal of Evolutionary Economics, Springer, vol. 15(4), pages 393-421, October. [Downloadable!] (restricted)
  5. Simon, Herbert A, 1991. "Organizations and Markets," Journal of Economic Perspectives, American Economic Association, vol. 5(2), pages 25-44, Spring. [Downloadable!] (restricted)
  6. Cohen, Michael D, et al, 1996. "Routines and Other Recurring Action Patterns of Organizations: Contemporary Research Issues," Industrial and Corporate Change, Oxford University Press, vol. 5(3), pages 653-98.
  7. Giovanni Dosi & Daniel A. Levinthal & Luigi Marengo, 2003. "Bridging contested terrain: linking incentive-based and learning perspectives on organizational evolution," Industrial and Corporate Change, Oxford University Press, vol. 12(2), pages 413-436, April.
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  8. Egidi, Massimo & Narduzzo, Alessandro, 1997. "The emergence of path-dependent behaviors in cooperative contexts," International Journal of Industrial Organization, Elsevier, vol. 15(6), pages 677-709, October. [Downloadable!] (restricted)
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  9. Nicolao Bonini & Massimo Egidi, 1999. "Cognitive traps in individual and organizational behavior: some empirical evidence," CEEL Working Papers 9904, Computable and Experimental Economics Laboratory, Department of Economics, University of Trento, Italia. [Downloadable!]
  10. Alexis Garapin & Michel Hollard, 1999. "Routines and incentives in group tasks," Journal of Evolutionary Economics, Springer, vol. 9(4), pages 465-486. [Downloadable!] (restricted)
  11. Agnès Festré, 2003. "Knowledge and individual behaviour in the Austrian tradition of business cycles: von Mises vs. Hayek," Post-Print halshs-00272394_v1, HAL. [Downloadable!]
  12. Teppo Felin & Nicolai J. Foss, 2004. "Organizational Routines A Sceptical Look," DRUID Working Papers 04-13, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies. [Downloadable!]
  13. Nicolai J. Foss, 2001. "Selective Intervention and Internal HybridsInterpreting and Learning from the Rise and Decline of the Oticon Spaghetti Organization," DRUID Working Papers 01-16, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies. [Downloadable!]
  14. Nathalie Lazaric & Alain Raybaut, 2004. "Knowledge Creation Facing Hierarchy: The Dynamics of Groups Inside The Firm," Journal of Artificial Societies and Social Simulation, Journal of Artificial Societies and Social Simulation, vol. 7. [Downloadable!]
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