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.
Peter Boettke | 13 July 2009 at 8:07 pm
Peter,
Is there a paper (and link) to where he said this?
Pete
2.
Peter Klein | 14 July 2009 at 6:33 am
Pete, it was part of his discussant’s remarks at the DRUID Summer Conference (the Thursday session on “Strategy and Competition”) I’m not aware that he’s said anything like this in print.
3.
Peter Boettke | 14 July 2009 at 6:51 am
Thanks Peter — if you see it in print please let me know. One of my favorite methodological points from Winter (and Nelson) is their distinction beween appreciative theory and formal theory. When I was at Stanford, Nelson gave a paper in Milgrom’s seminar that I regularly attended on this distinction. Everyone there thought it meant that we had an intuition, and then eventually we would treat it formally. Nelson was frustrated but didn’t really correct anyone. Being young and naive (and extremely cocky) at the time, I raised my hand and argued, guys you are missing the point, Nelson is saying that our appreciative theory often times out distances our formal theorizing — it is not an immature stage of thinking, but actually a better way of thinking. Nelson said, Yes, that is what I am arguing. At which point, the disagreements started to be expressed in a more heated fashion about the nature of progress in economics and the role of formalism.
Pete
4.
jc spender | 14 July 2009 at 6:58 am
Given that for many people there is precious little light between explanation and statistics, this is a gnomic Sid-like way of expressing what many others see as the rigor versus relevance gap – attention to method crowding out attention to phenomena of importance.