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Where is the Austrian theory of collaborative orders? Comment on Elert and Henrekson

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  • Per L. Bylund

    (Oklahoma State University)

Abstract

In this issue, Elert and Henrekson observe that Austrian economic theory is lacking with respect to explaining formal governance in the economy, and suggest drawing from, if not incorporating, re-cent work on the collaborative innovation bloc. This, they argue, would make Austrian economics more relevant to policy. I elaborate on and specify the theory space they address, and agree that it is a nascent and still underdeveloped area of theorizing in Austrian theory. However, recognizing the complexity of coordination and how it is prevalent on all institutional levels of economic analysis, I question the wisdom of adopting a single case over producing a universal Austrian theory of organizing and governance.

Suggested Citation

  • Per L. Bylund, 2019. "Where is the Austrian theory of collaborative orders? Comment on Elert and Henrekson," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 32(4), pages 339-347, December.
    • Handle: RePEc:kap:revaec:v:32:y:2019:i:4:d:10.1007_s11138-019-00457-w
    DOI: 10.1007/s11138-019-00457-w
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    Cited by:

    1. Elert, Niklas & Henrekson, Magnus, 2021. "Innovative Entrepreneurship as a Collaborative Effort: An Institutional Framework," Foundations and Trends(R) in Entrepreneurship, now publishers, vol. 17(4), pages 330-435, June.
    2. Niklas Elert & Magnus Henrekson, 2019. "The collaborative innovation bloc: A reply to our commentators," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 32(4), pages 349-361, December.

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    More about this item

    Keywords

    Entrepreneurship; Austrian economics; Collaborative innovation blocs;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • L19 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Other

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