Archive for April, 2007

The Market for Organization Equals USD 7.6B

| Chihmao Hsieh |

Home organization (in 2009), that is.

A CNN article posted online last month has re-appeared in the headlines today, probably in response to the woman who is virtually selling virtually (sic) all her belongings in one single auction on EBay (see the actual listing here). To spare you the reading, the article essentially describes our “hyper-consumptive society deluged by its own belongings,” mentions the TV shows and firms that create products and promote services to help us organize our belongings, and highlights associations like the new-but-fast-growing National Association of Professional Organizers.

Personally, in the last few years I’ve become much more mindful of the number of discrete items I keep at home, that mindfulness mainly a side effect of thinking in terms of this kind of complexity theory and this subfield of cognitive science.

26 April 2007 at 5:00 pm 3 comments

Five Blogs That Make Me Think

| Peter Klein |

When Nicolai and I started this blog a year ago we were hoping for a plural readership. Now that we’ve hit that target we can move on to the next: making our readers think. Fortunately, we’ve already succeeded with at least one reader: Nijma of Camel’s Nose, who named O&M one of five blogs that make her think. This is one of those “memes” in which each blogger named is supposed to name five bloggers who make him think, who in turn name five bloggers that make them think, and so on, until everyone is nested under someone else, sort of like Amway but without money changing hands.

The Thinking Blog’s Ilker Yoldas is responsible for all this (and for supplying the nice graphic above). Yoldas describes the exercise as a humanistic alternative to blog ranking systems like Technorati based on quantitative analysis of linking patterns, just as “human-powered” search engines like ChaCha are alternatives to Google.

Anyway, I’ll play along. Here are five blogs that make me think. (To make things interesting I’ve excluded the sites listed already on the blogroll below.)

26 April 2007 at 2:35 pm 2 comments

Reminder: Abstract Submission Deadline

| Peter Klein |

Next Tuesday, May 1, is the deadline for submitting an abstract to the University of Missouri’s Frameworks for Entrepreneurship Research conference. Keynote speakers include O&M favorites Pierre Desrochers and Randy Westgren (who comments as REW) so you don’t want to miss it.

26 April 2007 at 9:15 am 2 comments

Puzzles and Problems Redux

| Peter Klein |

In an earlier post, “Economics: Puzzles or Problems?”, I noted the tendency of talented young economists to focus on clever, yet ultimately unimportant, puzzles rather than the traditional “big problems” of economics (inflation, unemployment, poverty, economic growth, regulation, political economy, etc.). Steve Levitt, and the brand of “Freakonomics” he inspired, is usually singled out as the main culprit here. A recent piece in The New Republic, “Freaks and Geeks,” takes Levitt and company to task not only for wasting their time and talent, but also for being dilettantes who get key facts wrong (a point raised by Steve Sailer). Here are responses from Levitt (very unhappy), Joshua Angrist (also unhappy, though not for personal reasons), Josh Wright (mildly unhappy), and Greg Mankiw (neutral). Sadly, no one has picked up my (very clever) reference to the relationship between Wittgenstein and Popper.

26 April 2007 at 7:49 am Leave a comment

Fabio Chaddad to Join Missouri Faculty

| Peter Klein |

I’m pleased to announce that Fabio Chaddad of IBMEC is joining the Division of Applied Social Sciences at the University of Missouri. Fabio’s research deals with networks, supply-chain management, cooperatives, corporate finance, and other aspects of strategy and organization. He may even be worthy of a guest-blogger spot at O&M!

25 April 2007 at 11:15 pm Leave a comment

Happy Birthday to Us

| Peter Klein |

April 25, 2007 marks the one-year anniversary of Organizations and Markets. Thanks to our readers and to guest bloggers Joe Mahoney, Dick Langlois, Lasse Lien, David Gordon, Cliff Grammich, Steve Postrel, and Chihmao Hsieh for making the past year so much fun and challenging. We look forward — if Nicolai will forgive the pomo phrase — to “continuing the conversation.”

25 April 2007 at 7:44 am 2 comments

Does Hayek Still Matter?

| Nicolai Foss |

I may be wrong, but I have the feeling that the thought of Friedrich von Hayek is receiving less and less attention. This worries me for personal reasons — I wrote my Master’s Thesis in economics in 1989 on Hayek’s business cycle theory, and his work has continuously served as an important source of inspiration to me (e.g., this paper) as well as to countless others — and for the reason that Hayek’s thought is too important to vanish in influence. (more…)

25 April 2007 at 3:17 am 7 comments

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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).