Economies of Scope?

20 March 2007 at 11:32 am 3 comments

| Nicolai Foss |

Yesterday’s WSJ features an article on economists’ consulting jobs with (UC Berkeley Professor — and CBS Honorary Doctor) David Teece playing the main role. The article notes that Teece “… doesn’t dispute estimates that his career earnings from expert consulting amount to at least USD 50 million.” Teece has done important work on the role that economies of scope play in explaining diversification (here and here). Is he living his own theory?

HT to Marginal Revolution.

Entry filed under: - Foss -, Ephemera.

Brayden King, Fabio Rojas at Missouri Pomo Periscope IX: Pomo in the US Campaign Season

3 Comments Add your own

  • 1. Peter Klein  |  20 March 2007 at 11:42 am

    David was a member of my dissertation committee. While very kind and helpful, he was never able to give me very much of his time. Now I have a better idea why.

  • 2. spostrel  |  21 March 2007 at 2:13 pm

    Peter should have phrased his requests for comments on paper drafts as “depositons.”

  • 3. Koen Heimeriks  |  30 March 2007 at 5:09 pm

    Aren’t genius academics characterized by their ability to live what they teach or in other words to practice what they preach? I’d definitely favor that becoming an elementary part of the university’s HR compensation package….I do wonder how much many of our colleagues would end up earning though…

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed


Nicolai J. Foss | home | posts
Peter G. Klein | home | posts
Richard Langlois | home | posts
Lasse B. Lien | home | posts


Former Guests | posts


Recent Posts



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).

%d bloggers like this: