Organizing entrepreneurial judgment : a new approach to the firm / Nicolai J. Foss, Peter G. Klein.

Format:

Book

Author/Creator:

Foss, Nicolai J., 1964- author.

Klein, Peter G., author.

Language:

English

Subjects (All):

Industrial organization (Economic theory).

Entrepreneurship.

Physical Description:

1 online resource (xii, 299 pages) : digital, PDF file(s).

Place of Publication:

Cambridge : Cambridge University Press, 2012.

Language Note:

English

Summary:

Entrepreneurship, long neglected by economists and management scholars, has made a dramatic comeback in the last two decades, not only among academic economists and management scholars, but also among policymakers, educators and practitioners. Likewise, the economic theory of the firm, building on Ronald Coase's (1937) seminal analysis, has become an increasingly important field in economics and management. Despite this resurgence, there is still little connection between the entrepreneurship literature and the literature on the firm, both in academia and in management practice. This book fills this gap by proposing and developing an entrepreneurial theory of the firm that focuses on the connections between entrepreneurship and management. Drawing on insights from Austrian economics, it describes entrepreneurship as judgmental decision made under uncertainty, showing how judgment is the driving force of the market economy and the key to understanding firm performance and organization.

Contents:

Machine generated contents note: List of figures; Preface; Acknowledgements; 1. The need for an entrepreneurial theory of the firm; 2. What is entrepreneurship?; 3. Entrepreneurship: from opportunity discovery to judgment; 4. What is judgment?; 5. From shmoo to heterogeneous capital; 6. Entrepreneurship and the economic theory of the firm; 7. Entrepreneurship and the nature and boundaries of the firm; 8. Internal organization: original and derived judgment; 9. Concluding discussion; References.

Notes:

Title from publisher's bibliographic system (viewed on 05 Oct 2015).

Includes bibliographical references and index.

ISBN:

1-139-23423-4

1-107-22587-6

1-280-87901-7

1-139-23274-6

9786613720320

1-139-02117-6

1-139-23052-2

1-139-22907-9

1-139-23352-1

1-139-23198-7

OCLC:

797919514