5 March 2009 at 12:07 pm Dick Langlois 6 comments
| Dick Langlois |
I just ran across a new NBER working paper by Roland Benabou called “Groupthink: Collective Delusions in Organizations and Markets.” Looks like an interesting paper. But why does he pick on this blog? I believe we here at O&M are far more resistant than most to groupthink. And I’m sure you all share this view.
Entry filed under: - Langlois -, Myths and Realities, Papers. Tags: .
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).
1.
david | 5 March 2009 at 2:18 pm
I haven’t read that paper, but I am inclined to agree wholeheartedly
2.
Rafe Champion | 5 March 2009 at 4:20 pm
Me too!
What does everyone think about the way this relates to Roger Koppl’s work on herding in markets?
3.
Marcus Linder | 6 March 2009 at 1:23 am
Absolutely!
4.
Lasse | 6 March 2009 at 5:09 am
The big question is how can we sanction those who do think that there is groupthink going on at O&M, so that they leave, and only “no groupthink here” thinkers remain.
5.
Peter Klein | 6 March 2009 at 10:46 am
Note that SSRN has also named a working-paper series in our honor:
http://www.ssrn.com/update/ern/ern_o&m.html
Check out the losers on the Advisory Board!
6.
josephlogan | 6 March 2009 at 11:55 am
Hadn’t occurred to me that there might be any other possibility.