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).
Organizations and Markets 
1.
REW | 5 September 2007 at 3:30 pm
1. Why would a Chicago economist mention an MIT economist in a major address, especially the Nobel address?
2. Solow’s pre-1960 publications treated human capital in the way that Schultz argued that it should not — a homogeneous lump. My (sporadic) reading of Solow makes me think that his forays into human capital (quantity, quality, and distributions) came in the 1970s and later. Am I wrong?
2.
JC | 5 September 2007 at 11:03 pm
Well, in:
Solow, R. M. (1957). Technical Change and the Aggregate Production Function. Review of Economics and Statistics, 39(3), 312-320.
the footnotes (p.312 and p.317) imply good relations between Solow and Schultz. Indeed Solow writes “I owe to T. W. Schultz a heightened awareness that a lot of what appears as shifts in the production function must represent improvement in the quality of the labor input, and therefore a result of real capital formation of an important kind”.
At the same time Kendrick’s work:
Kendrick, J. W. (1956). Productivity Trends: Capital and Labor. Review of Economics and Statistics, 38(3), 248-257.
in which he refers to the ‘cultural’ or immaterial’ capital (p.251) individuals ‘accumulated through investment and research’ was already widely appreciated – in 1969 Kendrick estimated that over 50% of the US’s ‘capital stock’ was of this type.
3.
JC | 5 September 2007 at 11:20 pm
Incidentally, Schultz’s address was his AES Presidential Address, not his Nobel address – which he gave in 1979.
4.
JC | 6 September 2007 at 8:38 pm
OOPS typo – AEA not AES.