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).
Here is a short piece by Nicolai and me written for a general audience, “Management Theory Is Not to Blame.” We discuss the role of resource heterogeneity in management theory and critique the vulgar Keynesianism that dominates mainstream commentary on the crisis. The graphic with the shovel alone is worth the click. Comments welcome here or at the Mises blog.
1.
REW | 19 March 2009 at 1:48 pm
After reading the Higgs piece, I find that I cannot perceive with confidence which meaning of vulgar he uses (and, by extension, you use). Is it “common”, “banal”, “crude/unrefined”, “unsophisticated”, “current/popular”, “colloquial”, or “lewd”? Inquiring minds want to know…
2.
Peter Klein | 19 March 2009 at 2:17 pm
I had in mind crude, unrefined, unsophisticated, but let your imagination run wild. :-)
3.
stevphel | 19 March 2009 at 4:15 pm
I liked your piece, guys, well done!
4.
Alexander Schniertshauer | 28 March 2009 at 2:00 pm
Thanks for the well written post! You are pefectly right: it is not “management thinking” or “economic thinking” per se that led to the crisis – but a certain way of thinking. It will be interesting to see which economies and companies learn that lesson, appreciate heterogenity, and see the need to strengthen mechanisms – like the market – that drive discovery.