Archive for April, 2016

Riding Off into the Sunset

| Peter Klein |

Indiana-Jones-rides-off-into-the-sunset-640x277Organizations and Markets went live 25 April 2006, ten years ago today. Blogs were the newest and coolest thing. There was no Facebook, Twitter, Instagram, or Snapchat. People communicated by email and (occasionally) by text message. BlackBerry and Nokia dominated the phone market. Nicolai Foss had no gray hair. (OK, he still has none.)

In the first month we had almost 11,000 pageviews; in the first five years we averaged about 500 posts per year and around 300,000 views, 1,000 comments, and too many impassioned, enlightening, and fun exchanges and arguments to count. (Below are some of our all-time most popular posts.) Besides Nicolai, Lasse, Dick, and myself we joined by terrific guest bloggers such as Benito Arruñada, Cliff Grammich, Craig Pirrong, David Gordon, David Gerard, David Hoopes, Glenn McDonald, Chimao Hsieh, Mike Sykuta, Peter Lewin, Randy Westgren, Ross Coff, Joe Mahoney, Scott Masten, Steve Postrel, and Steve Phelan.

Alas, all good things must come to an end. In the last couple of years we noticed our page views, unique visitors, comments, and similar stats trending downward. Partly this reflects the rise of social media, for two reasons: First, posts from O&M and similar blogs are syndicated on Facebook, Twitter, LinkedIn, and other platforms, meaning that readers can view and engage blog content without actually visiting the site itself. Second, and more important, social media sites provide an alternative source of blog content. In 2007, we posted all kinds of stuff on O&M — not only longer, more thoughtful pieces but also conference announcements, pointers to papers, news, gossip, and other items of a more ephemeral nature. Nowadays, people (ourselves included) are more likely to post these items to Facebook or Twitter, which is where people go to read and comment. In any case, for a variety of reasons, our posting frequency has dropped sharply since 2011.

In short, we think the group-blog format is a bit dated. And so, it’s been a great ride, but we’ve decided to hang up our keyboards and move on to other things. The ten-year anniversary is a perfect time to make a change. Seriously, a decade is an eternity in internet time! Many of the group and individual blogs in our original blogroll from 2007 have been mothballed or merged into other sites. (Who even remembers what a “blogroll” is anyway?) (more…)

25 April 2016 at 1:35 am 14 comments

Labor Market Responses to Recessions

| Lasse Lien |

If you are interested in how firms respond to recessions, you might like this blog post by Matt Palmquist for the Strategy+business blog, or this one for the LSE business review. I know I liked both of them. But O&M was first, evidence here.

12 April 2016 at 6:18 am 1 comment


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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).