Our Recent Books
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).
1.
Joe Mahoney | 28 January 2007 at 12:02 pm
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.
2.
TDL | 29 January 2007 at 11:41 pm
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.
3.
Peter Klein | 30 January 2007 at 12:27 am
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.