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A Cognitive Perspective on Entrepreneurship and the Firm

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  • Brian J. Loasby

Abstract

abstract I propose to examine the theme of this Special Issue from the perspective of its treatment – and, of especial significance, its lack of treatment – within economics. In the course of this examination we shall observe that the concepts of entrepreneurship and the firm are generally kept separate, and attempt to explain why. I shall avoid any discussion of recent work, which is more productively left to my fellow contributors, choosing instead to devote the first half of my contribution to providing an analytical basis for the second half by exploring the problem of knowledge in economic systems, and relating this problem to the evolved nature of human beings and their relationship with their environment. In this exploration I shall rely almost entirely on the work of economists, though much of it was not directed to conventional economic issues.

Suggested Citation

  • Brian J. Loasby, 2007. "A Cognitive Perspective on Entrepreneurship and the Firm," Journal of Management Studies, Wiley Blackwell, vol. 44(7), pages 1078-1106, November.
    • Handle: RePEc:bla:jomstd:v:44:y:2007:i:7:p:1078-1106
    DOI: 10.1111/j.1467-6486.2007.00729.x
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    References listed on IDEAS

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    1. Skinner, Andrew Stewart, 1996. "A System of Social Science: Papers Relating to Adam Smith," OUP Catalogue, Oxford University Press, edition 2, number 9780198233343.
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    Cited by:

    1. Christopher Buschow, 2020. "Why Do Digital Native News Media Fail? An Investigation of Failure in the Early Start-Up Phase," Media and Communication, Cogitatio Press, vol. 8(2), pages 51-61.
    2. Foster, John, 2011. "Energy, aesthetics and knowledge in complex economic systems," Journal of Economic Behavior & Organization, Elsevier, vol. 80(1), pages 88-100.
    3. Joyce Koe Hwee Nga & Gomathi Shamuganathan, 2010. "The Influence of Personality Traits and Demographic Factors on Social Entrepreneurship Start Up Intentions," Journal of Business Ethics, Springer, vol. 95(2), pages 259-282, August.
    4. Giuseppe Criaco & Philipp Sieger & Karl Wennberg & Francesco Chirico & Tommaso Minola, 2017. "Parents’ performance in entrepreneurship as a “double-edged sword” for the intergenerational transmission of entrepreneurship," Small Business Economics, Springer, vol. 49(4), pages 841-864, December.
    5. Pierpaolo Andriani & Renata Kaminska, 2020. "Exploring the dynamics of novelty production through exaptation: a historical analysis of coal tar-based innovations," Post-Print halshs-03070325, HAL.
    6. Qiao Wei & Jin-hui Luo & Xueli Huang, 2020. "Influence of Social Identity on Family Firms’ FDI Decisions: The Moderating Role of Internal Capital Markets," Management International Review, Springer, vol. 60(5), pages 651-693, October.
    7. J. Michael Haynie & Dean A. Shepherd & Jeffery S. McMullen, 2009. "An Opportunity for Me? The Role of Resources in Opportunity Evaluation Decisions," Journal of Management Studies, Wiley Blackwell, vol. 46(3), pages 337-361, May.
    8. Jin-hui Luo & Xue Li & Linda C. Wang & Yue Liu, 2021. "Owner type, pyramidal structure and R&D Investment in China’s family firms," Asia Pacific Journal of Management, Springer, vol. 38(3), pages 1085-1111, September.
    9. Foster, John & Metcalfe, J. Stan, 2012. "Economic emergence: An evolutionary economic perspective," Journal of Economic Behavior & Organization, Elsevier, vol. 82(2), pages 420-432.
    10. Andriani, Pierpaolo & Kaminska, Renata, 2021. "Exploring the dynamics of novelty production through exaptation: a historical analysis of coal tar-based innovations," Research Policy, Elsevier, vol. 50(2).
    11. Marco Percoco, 2015. "Entrepreneurship, Family Ties, and Land Inequality: Evidence from Italy," Growth and Change, Wiley Blackwell, vol. 46(3), pages 443-457, September.
    12. Howard Aldrich & Tiantian Yang, 2014. "How do entrepreneurs know what to do? learning and organizing in new ventures," Journal of Evolutionary Economics, Springer, vol. 24(1), pages 59-82, January.
    13. Danny Miller & Isabelle Le Breton‐Miller & Richard H. Lester, 2011. "Family and Lone Founder Ownership and Strategic Behaviour: Social Context, Identity, and Institutional Logics," Journal of Management Studies, Wiley Blackwell, vol. 48(1), pages 1-25, January.
    14. Vladi Finotto & Anna Moretti, 2014. "Unveiling the founder effect: a conceptual framework of entrepreneurial imprinting," Working Papers 07, Venice School of Management - Department of Management, Università Ca' Foscari Venezia.
    15. Möller Ulrich & McCaffrey Matthew, 2023. "Entrepreneurship and Firm Strategy: Integrating Resources, Capabilities, and Judgment through an Austrian Framework," Entrepreneurship Research Journal, De Gruyter, vol. 13(4), pages 997-1031, October.

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