IDEAS home Printed from https://ideas.repec.org/a/ids/ijmdma/v2y2001i1p35-47.html
   My bibliography  Save this article

Cognition, capabilities and cooperation

Author

Listed:
  • Brian J. Loasby

Abstract

In standard economics, coordination is a problem of efficient allocation of known resources to known ends, with an increasing emphasis on incentive-compatability. However, Adam Smith founded an alternative tradition, which was continued by Marshall and Penrose (among others), centred on coordinating processes of developing productive capabilities and decision making skills through the division of labour and the tendency to variation within each specialism. Underlying this tradition is the recognition of uncertainty and the limitations and potential of human cognition, which is a product of evolution. Economic organisation, management and entrepreneurship are responses to cognitive as well as incentive problems.

Suggested Citation

  • Brian J. Loasby, 2001. "Cognition, capabilities and cooperation," International Journal of Management and Decision Making, Inderscience Enterprises Ltd, vol. 2(1), pages 35-47.
  • Handle: RePEc:ids:ijmdma:v:2:y:2001:i:1:p:35-47
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=1220
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mohamed Ech-Chebany & Anas Hattabou & Adil Ouatat, 2022. "Private governance and public governance: An attempt at theoretical and interdisciplinary rapprochement [La gouvernance privée et la gouvernance publique : Un essai de rapprochement théorique et in," Post-Print hal-03749792, HAL.
    2. Joseph Bozorgmehr, 2012. "Natural selection as a paradigm of opportunism in biology," Journal of Bioeconomics, Springer, vol. 14(1), pages 61-75, April.
    3. Gérard Charreaux, 2007. "Autofinancement, information et connaissance," Working Papers CREGO 1070102, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations.
    4. Gérard Charreaux, 2002. "Variation sur le thème:"À la recherche de nouvelles fondations pour la finance et la gouvernance d'entreprise"," Revue Finance Contrôle Stratégie, revues.org, vol. 5(3), pages 5-68, September.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijmdma:v:2:y:2001:i:1:p:35-47. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=19 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.