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

  • Agnès Festré

    ()

    (GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis - CNRS)

  • Nathalie Lazaric

    ()

    (GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis - CNRS)

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.

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Date of creation: 2007
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Publication status: Published in F. Asso and L. Fiorito. The Conference Proceedings on "Economics and Institutions". Contributions from the history of economic thought, Franco Angeli, pp.295-316, 2007
Handle: RePEc:hal:journl:halshs-00271338
Note: View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-00271338
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  1. Nathalie Lazaric & Alain Raybaut, 2005. "Knowledge, hierarchy and the selection of routines: an interpretative model with group interactions," Post-Print hal-00426309, HAL.
  2. Nicolao Bonini & Massimo Egidi, 1999. "Cognitive traps in individual and organizational behavior: some empirical evidence," CEEL Working Papers 9904, Cognitive and Experimental Economics Laboratory, Department of Economics, University of Trento, Italia.
  3. Richard Arena & Nathalie Lazaric, 2003. "La théorie évolutionniste du changement économique de Nelson et Winter : une analyse économique rétrospective," Post-Print hal-00457029, HAL.
  4. 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.
  5. Giovanni Dosi & Daniel Levinthal & Luigi Marengo, 2001. "Bridging Contested Terrain: Linking Incentive-Based and Learning Perspectives on Organizational Evolution," LEM Papers Series 2001/20, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
  6. Agnès Festré, 2003. "Knowledge and individual behaviour in the Austrian tradition of business cycles: von Mises vs. Hayek," History of Economic Ideas, Fabrizio Serra Editore, Pisa - Roma, vol. 11(1), pages 13-45.
  7. 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.
  8. Hodgson, Geoffrey M, 1997. "The Ubiquity of Habits and Rules," Cambridge Journal of Economics, Oxford University Press, vol. 21(6), pages 663-84, November.
  9. 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.
  10. 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.
  11. Alexis Garapin & Michel Hollard, 1999. "Routines and incentives in group tasks," Journal of Evolutionary Economics, Springer, vol. 9(4), pages 465-486.
  12. Geoffrey M. Hodgson, 2003. "The Mystery of the Routine. The Darwinian Destiny of An Evolutionary Theory of Economic Change," Revue économique, Presses de Sciences-Po, vol. 54(2), pages 355-384.
  13. 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.
  14. Herbert A. Simon, 1991. "Organizations and Markets," Journal of Economic Perspectives, American Economic Association, vol. 5(2), pages 25-44, Spring.
  15. 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.
  16. Nathalie Lazaric & Alain Raybaut, 2004. "Knowledge creation facing hierarchy: the dynamics of groups inside the firm," Post-Print hal-00457106, HAL.
  17. Nathalie Lazaric, 2000. "The role of routines, rules and habits in collective learning: some epistemological and ontological considerations," Post-Print hal-00457133, HAL.
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