Archive for 7 March 2008

More on Property Rights and Strategic Management

| Nicolai Foss |

The economics of property rights in the tradition of Ronald Coase, Armen Alchian, Harold Demsetz, Steven Cheung, Winston Bush, Eirik Furubotn, Yoram Barzel, John Umbeck, Dean Lueck and Doug Allen is a very minor voice in the conversation of strategic management scholars. Although the EPR is basically generalized micro-economics (mostly done verbally), it does employ terminology and develops insights that lie outside the domain of economics knowledge of most strategy scholars. (more…)

7 March 2008 at 9:38 am Leave a comment

MDE Special Issue, “Frontiers of Strategic Management Research”

| Peter Klein |

The March-April 2008 issue of Managerial and Decision Economics features a special issue on “Frontiers of Strategic Management Research,” edited by Catherine Maritan and Margaret Peteraf. Contributors include Mary Tripsas, Bill Hesterly, Jeff Dyer, Kyle Mayer, Janet Bercovitz, Ranjay Gulati, Bob Hoskisson, Jay Barney, Kathy Eisenhardt, Michael Jacobides, and many others. From the introduction:

Scholars working in the field of strategic management are fundamentally concerned with developing an understanding of how firms compete and how they can create competitive advantage. In addressing this overarching issue we ask questions about such diverse topics as the relationship between firms and industry conditions, the origins and consequences of heterogeneity among firms, how the scope of a firm’s activities affects how it competes, and factors that affect inter-organizational relationships. (more…)

7 March 2008 at 8:50 am Leave a comment

Lesser-Known Counterparts of Common Words

| Peter Klein |

This week Anu Garg’s A.Word.A.Day is featuring lesser-known counterparts of common words, e.g.:

  • prepone (v. tr.): to reschedule an event to an earlier time
  • nocebo (n.): a substance producing harmful effects in someone because it is believed to be harmful, but which in reality is harmless
  • dystopia (n.): an imaginary place where everything is very bad, as from oppression, disease, deprivation, etc.
  • inhume (v. tr.): to bury
  • prequel (n.): a book, movie, drama, etc. set in a time preceding that of an existing work

Can you think of more?

7 March 2008 at 8:37 am 2 comments


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Nicolai J. Foss and Peter G. Klein, Organizing Entrepreneurial Judgment: A New Approach to the Firm (Cambridge University Press, 2012).
Peter G. Klein and Micheal E. Sykuta, eds., The Elgar Companion to Transaction Cost Economics (Edward Elgar, 2010).
Peter G. Klein, The Capitalist and the Entrepreneur: Essays on Organizations and Markets (Mises Institute, 2010).
Richard N. Langlois, The Dynamics of Industrial Capitalism: Schumpeter, Chandler, and the New Economy (Routledge, 2007).
Nicolai J. Foss, Strategy, Economic Organization, and the Knowledge Economy: The Coordination of Firms and Resources (Oxford University Press, 2005).
Raghu Garud, Arun Kumaraswamy, and Richard N. Langlois, eds., Managing in the Modular Age: Architectures, Networks and Organizations (Blackwell, 2003).
Nicolai J. Foss and Peter G. Klein, eds., Entrepreneurship and the Firm: Austrian Perspectives on Economic Organization (Elgar, 2002).
Nicolai J. Foss and Volker Mahnke, eds., Competence, Governance, and Entrepreneurship: Advances in Economic Strategy Research (Oxford, 2000).
Nicolai J. Foss and Paul L. Robertson, eds., Resources, Technology, and Strategy: Explorations in the Resource-based Perspective (Routledge, 2000).