Comments on: Capital and Its Structure in PDF http://organizationsandmarkets.com/2007/01/26/capital-and-its-structure-in-pdf/ Economics of organizations, strategy, entrepreneurship, innovation, and more Sun, 12 Feb 2012 08:11:55 +0000 hourly 1 http://wordpress.com/ By: Peter Klein http://organizationsandmarkets.com/2007/01/26/capital-and-its-structure-in-pdf/#comment-12233 Tue, 30 Jan 2007 05:27:37 +0000 http://organizationsandmarkets.com/2007/01/26/capital-and-its-structure-in-pdf/#comment-12233 Thanks, glad you’re enjoying things. Peter Lewin’s book Capital in Disequilibrium (Routledge, 1999) develops and extends many of the themes in Lachmann’s earlier book. (Peter was a student of Lachmann’s, incidentally.) You can read an excerpt here.

If you’ll forgive the self-promotion, The Foss-Foss-Klein-Klein paper “The Economic Organization of Heterogeneous Capital” might be of interest.

Finally, Roger Garrison has several papers on recent developments in (Lachmanian) capital theory here and here.

]]> By: TDL http://organizationsandmarkets.com/2007/01/26/capital-and-its-structure-in-pdf/#comment-12225 Tue, 30 Jan 2007 04:41:40 +0000 http://organizationsandmarkets.com/2007/01/26/capital-and-its-structure-in-pdf/#comment-12225 As a non-economist (or amateur, but not very good, economist) I am curious to know if the study of capital has been advanced since this writing? I don’t know if this topic is germane to your blog, but what is the body of knowledge on capital?

Regards,
TDL

P.S. Very interesting blog, I have been reading it for some time now.

]]> By: Joe Mahoney http://organizationsandmarkets.com/2007/01/26/capital-and-its-structure-in-pdf/#comment-12028 Sun, 28 Jan 2007 17:02:28 +0000 http://organizationsandmarkets.com/2007/01/26/capital-and-its-structure-in-pdf/#comment-12028 Thank you for this book pdf.

A fundamental premise of the Strategic Management field is the heterogeneity of the firm. However, to date, there is no systematic formal body of knowledge that analytically unpacks the concept of “heterogeneity” into essential components.

When this paper is written, I anticipate that Lachmann’s concept of the “heteogeneity of capital in use” will play a central role. Lachmann’s work also may be connected to Penrose’s resource-based approach, which emphasized heterogeneity in the SERVICES of resources and the entrepreneurial imagination to come up with new services of resources.

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