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From action theory to the theory of the firm

  • Argandoña, Antonio

    ()

    (IESE Business School)

Since Coase's (1937) pioneering article, the theory of the firm, especially in its neoclassical form, has developed tremendously. The criticisms leveled against it confirm its interest and usefulness - which is not to say that it cannot be improved upon or corrected in many respects. This chapter is intended to contribute to a broadening of the theory of the firm, starting from a theory of human action that encompasses a wide range of motivations. It also suggests specific ways in which the conception of the firm can be improved.

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Paper provided by IESE Business School in its series IESE Research Papers with number D/855.

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Length: 20 pages
Date of creation: 09 Apr 2010
Date of revision:
Handle: RePEc:ebg:iesewp:d-0855
Contact details of provider: Postal: IESE Business School, Av Pearson 21, 08034 Barcelona, SPAIN
Web page: http://www.iese.edu/

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  1. Elias L. Khalil, 1999. "The Janus Hypothesis," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 21(2), pages 315-342, January.
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  3. Argandoña, Antonio, 2007. "Anthropological and ethical foundations of organization theory," IESE Research Papers D/707, IESE Business School.
  4. Brian Loasby, 2009. "Knowledge, coordination and the firm: Historical perspectives," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 16(4), pages 539-558.
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  12. Antonio Argandoña, 2008. "Integrating Ethics into Action Theory and Organizational Theory," Journal of Business Ethics, Springer, vol. 78(3), pages 435-446, March.
  13. Schelling, Thomas C, 1978. "Egonomics, or the Art of Self-Management," American Economic Review, American Economic Association, vol. 68(2), pages 290-94, May.
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  15. Foss, Nicolai Juul, 1994. " The Theory of the Firm: The Austrians as Precursors and Critics of Contemporary Theory," The Review of Austrian Economics, Springer, vol. 7(1), pages 31-65.
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  17. Posner, Richard A., 2010. "From the new institutional economics to organization economics: with applications to corporate governance, government agencies, and legal institutions," Journal of Institutional Economics, Cambridge University Press, vol. 6(01), pages 1-37, March.
  18. Nicolai J. Foss & Peter G. Klein, 2005. "The Theory of the Firm and Its Critics A Stocktaking and Assessment," DRUID Working Papers 05-03, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies.
  19. Holmstrom, Bengt R. & Tirole, Jean, 1989. "The theory of the firm," Handbook of Industrial Organization, in: R. Schmalensee & R. Willig (ed.), Handbook of Industrial Organization, edition 1, volume 1, chapter 2, pages 61-133 Elsevier.
  20. Williamson, Oliver E, 1971. "The Vertical Integration of Production: Market Failure Considerations," American Economic Review, American Economic Association, vol. 61(2), pages 112-23, May.
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