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International Entrepreneurship and Management Journal

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01-03-2015

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

Cambridge and New York: Cambridge University Press, 2012 (299 pages)

Author: David Howden

Published in: International Entrepreneurship and Management Journal | Issue 1/2015

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Excerpt

This ambitious book has a three-fold purpose. First, it seeks to clarify “entrepreneurship” in a manner amenable to both modern management and economics literature. Second, it redefines the theory of the firm in order to integrate the role of the entrepreneur more fully and give a comprehensive view on why firms exist. Finally, and most successfully, it sheds light on the internal organization of the firm, and how entrepreneurship theory can augment our understanding of why firms adopt the hierarchies they do. …

previous article Socio-psychological determinants of opportunity entrepreneurship

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Foss, N. J., & Klein, P. G. (2005). Entrepreneurship and the Economic Theory of the Firm: Any Gains from Trade. In S. A. Alvarez & O. Sorenson (Eds.), Handbook of entrepreneurship research: disciplinary perspectives. Dordrecht: Springer.

Grossman, S. J., & Hart, O. D. (1986). The costs and benefits of ownership: a theory of vertical and lateral integration. Journal of Political Economy, 94, 691–719.CrossRef

Kirzner, I. M. (1973). Competition and entrepreneurship. Chicago: University of Chicago Press.

Knight, F. (1921). Risk, uncertainty, and profit. Boston: Houghton Mifflin.

Mises, Ludwig von. [1922] 1936. Socialism: An Economic and Sociological Analysis, (trans.) J. Kahane. London: Jonathan Cape.

Title: Nicolai J. Foss, Peter G. Klein: Organizing entrepreneurial judgment: a new approach to the firm
Cambridge and New York: Cambridge University Press, 2012 (299 pages)
Author: David Howden
Publication date: 01-03-2015
Publisher: Springer US
Published in: International Entrepreneurship and Management Journal / Issue 1/2015
Print ISSN: 1554-7191
Electronic ISSN: 1555-1938
DOI: https://doi.org/10.1007/s11365-013-0276-1

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