Winter (2011), Pentland (2011), and Hodgson and Knudsen (2011) take issue with the arguments in Felin and Foss (2011), along with more generally critiquing the “microfoundations project” related to routines and capabilities. In this rejoinder we argue that the responses of our critics...

Since its emergence in the 1970s the modern economic or Coasian theory of the firm has been discussed and challenged by sociologists, heterodox economists, management scholars, and other critics. This chapter reviews and assesses these critiques, focusing on behavioral issues (bounded...

Born in 1930, Brian J. Loasby is generally recognised as the leading post-Marshallian economic theorist. He has published widely on the theory of economic organisation, methodology, and the history of economic ideas, including Smith and Keynes. His work includes the now-classic Choice,...

Ever since its emergence in the 1970s the modern economic or Coasian theory of the firm has been discussed and challenged by sociologists, heterodox economists, management scholars, and other critics. This chapter reviews and assesses these critiques, focusing on behavioral issues (bounded...

This paper discusses the reasons for the success of the New Growth theory. Given that the NGT has a somewhat tautological quality, that its essential ideas have been known for a long time, and that it does not make contact with a large literature on institutions and economic change, its strong...

It has recently been argued by a number of writers that the evolutionary theory of the firm is a genuine theoretical rival to the contractual theory of the firm. This paper presents a reconstruction of the evolutionary theory of the firm. A taxonomy developed by the Polish philosopher Krajewski...