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  1.  11
    Strategy, Economic Organization, and the Knowledge Economy: The Coordination of Firms and Resources.Nicolai J. Foss - 2005 - Oxford University Press.
    The advent of the knowledge economy changes the ways in which firms organize their activities and how they strategize in the market place. This non-technical volume lays the foundations for an analysis of these phenomena. In particular, it shows how 'knowledge-based approaches' in management studies may be complemented by key ideas from the economics of organization. The discussion is both theoretical and empirical.
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  2.  23
    Theoretical Isolation in Contract Theory: Suppressing Margins and Entrepreneurship.Kirsten Foss & Nicolai J. Foss - 2000 - Journal of Economic Methodology 7 (3):313-339.
    We discuss contract theory from a combined Austrian/new institutional view. In the latter view, the world is seen as shot through with ignorance and transaction costs, but, as a tendency, entrepreneurial activity responds to the problems caused by these. All modelling must critically reflect this. This ontological commitment is contrasted to various isolations characteristic of contract theory, specifically the modelling strategy of introducing often ad hoc and unexplained constraints that suppress margins and possibilities of entrepreneurial actions that would be open (...)
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  3.  16
    The New Growth Theory: Some Intellectual Growth Accounting.Nicolai J. Foss - 1998 - Journal of Economic Methodology 5 (2):223-246.
    This paper discusses the reasons for the success of the new growth theory. Given that the NGT does not appear to say much new about empirical reality, that its essential ideas have been known for a long time, and that it does not really make contact with a large literature on institutions and economic change, its strong success may arguably be seen as surprising. Or, at least, its success may appear peculiar to Lakatosian methodologists, and others who emphasize notions such (...)
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  4.  1
    Cognition and Motivation in the Theory of the Firm: Interaction or "Never the Twain Shall Meet"?Nicolai J. Foss - 2004 - Journal des Economistes Et des Etudes Humaines 14 (1).
    Economics in general, and the theory of the firm more specifically, places motivation and cognition in very different analytical boxes, in spite of cognitive science evidence that the boundaries between the two are in reality blurred. While this analytical assumption has often served the theory of the firm well, a number of organizational phenomena are better understood if cognition and motivation are allowed to interact, for example, through framing effects, as organizational scholars have long argued. The paper exemplifies by developing (...)
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  5.  4
    Reflections on the 2016 Nobel Memorial Prize for Contract Theory.Nicolai J. Foss & Peter G. Klein - 2016 - Erasmus Journal for Philosophy and Economics 9 (2):167.
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  6. Authority in the Context of Distributed Knowledge.Kirsten Foss & Nicolai J. Foss - forthcoming - Common Knowledge.
     
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  7.  5
    Austrian Economics and the Transaction Cost Approach to the Firm.Nicolai J. Foss & Peter G. Klein - 2009 - Libertarian Papers 1:39.
    As the transaction cost theory of the firm was taking shape in the 1970s, another important movement in economics was emerging: a revival of the ‘Austrian’ tradition in economic theory associated with such economists as Ludwig von Mises and F. A. Hayek . As Oliver Williamson has pointed out, Austrian economics is among the diverse sources for transaction cost economics. In particular, Williamson frequently cites Hayek , particularly Hayek’s emphasis on adaptation as a key problem of economic organisation . Following (...)
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  8.  11
    Ethics, Discovery, and Strategy.Nicolai J. Foss - 1997 - Journal of Business Ethics 16 (11):1131-1142.
    I address the issue of justifiable profits from distinct perspectives in economics, strategy research and ethics. Combining insights from Austrian economics, the resource-based perspective, and finders, keepers ethics, I argue that strategy is about the discovery of hitherto unexploited possibilities for exchange. To the extent that strategy is about the discovery/creation ex nihilo of products, ways of producing products, etc., the resulting profits are argued to be justifiable from a finders, keepers perspective.
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  9. Austrian Perspectives on Entrepreneurship, Strategy, and Organization.Nicolai J. Foss, Peter G. Klein & Matthew McCaffrey - 2019 - Cambridge University Press.
    The 'Austrian' tradition is well-known for its definitive contributions to economics in the twentieth century. However, Austrian economics also offers an exciting research agenda outside the traditional boundaries of economics, especially in the management disciplines. This Element examines how Austrian ideas play a key role in expanding the understanding of fields like entrepreneurship, strategy, and organization. It focuses especially on the vital role that entrepreneurs play in guiding economic progress by shaping firms and their strategic behavior. In doing so, it (...)
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