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Towards an Austrian Theory of the Firm

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  • Dulbecco, Philippe
  • Garrouste, Pierre

Abstract

In this contribution, our aim is to melt in the same analytical framework the Austrian conceptions, on the one hand, of the structure of production, and on the other hand, of the dynamics of knowledge; and then to propose a renewed theory of the firm and more generally of the analysis of the coordination of activities of the firms. In the debate concerning the new theories of the firm, we show that it is necessary to take into account the processual dimension of both production and knowledge in order to analyse as a process the coordination of firms plans.
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Suggested Citation

  • Dulbecco, Philippe & Garrouste, Pierre, 1999. "Towards an Austrian Theory of the Firm," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 12(1), pages 43-64.
    • Handle: RePEc:kap:revaec:v:12:y:1999:i:1:p:43-64
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    Cited by:

    1. Wolfgang Grassl, 2003. "A General Theory of Competition: Resources, Competences, Productivity, Economic Growth by Shelby D. Hunt," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 16(4), pages 385-393, December.
    2. Nicolai J. Foss & Peter G. Klein, 2010. "Austrian Economics and the Theory of the Firm," Chapters, in: Peter G. Klein & Michael E. Sykuta (ed.), The Elgar Companion to Transaction Cost Economics, chapter 27, Edward Elgar Publishing.
    3. Elena Bianca Vieru, 2012. "The Ecologist Spirit Underneath Austrian Economist Clothes," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 4, pages 236-242, December.
    4. Randall G. Holcombe, 2013. "Firms as knowledge repositories," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 26(3), pages 259-275, September.
    5. Foss Kirsten & Foss Nicolai & Klein Peter G. & Klein Sandra K., 2002. "Heterogeneous Capital, Entrepreneurship, and Economic Organization," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 12(1), pages 1-20, March.
    6. Giampaolo Garzarelli & Matthew Holian, 2014. "Parchment, guns, and the problem of governance," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 27(1), pages 71-80, March.
    7. Ulrich Witt, 1999. "Do Entrepreneurs Need Firms? A Contribution to a Missing Chapter in Austrian Economics," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 11(1), pages 99-109, January.
    8. Pierre Garrouste, 2008. "The Austrian roots of the economics of institutions," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 21(4), pages 251-269, December.
    9. Steven E. Phelan, 2016. "Austrian theories of entrepreneurship: Insights from complexity theory," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 29(3), pages 277-297, September.
    10. Agnès Festré, 2012. "Carl Menger and Friedrich von Wieser on the role of knowledge and beliefs," Post-Print halshs-00346478, HAL.
    11. Kapás, Judit, 2002. "Piacszerű vállalat és vállalatszerű piac [Firms that resemble markets and markets that resemble firms]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(4), pages 320-333.
    12. Agnès Festré, 2012. "Carl Menger and Friedrich von Wieser on the Role of Knowledge and Beliefs in the Emergence and Evolution of Institutions," Chapters, in: Richard Arena & Agnès Festré & Nathalie Lazaric (ed.), Handbook of Knowledge and Economics, chapter 4, Edward Elgar Publishing.
    13. Richard N. Langlois, 2013. "The Austrian theory of the firm: Retrospect and prospect," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 26(3), pages 247-258, September.
    14. Richard P. Adelstein, 2003. "Knowledge and Power in the Mechanical Firm: Planning for Profit in Austrian Perspective," Wesleyan Economics Working Papers 2005-015, Wesleyan University, Department of Economics.
    15. Frederic Sautet, 2018. "The battle for the essence of entrepreneurship," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 31(1), pages 123-139, March.
    16. Pierre Garrouste, 2001. "Learning in economics: the Austrian insights," ICER Working Papers 25-2001, ICER - International Centre for Economic Research.
    17. Argandoña, Antonio, 2010. "From action theory to the theory of the firm," IESE Research Papers D/855, IESE Business School.
    18. Robert Mulligan, 2006. "Accounting for the business cycle: Nominal rigidities, factor heterogeneity, and Austrian capital theory," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 19(4), pages 311-336, December.
    19. Richard Adelstein, 2005. "Knowledge and Power in the Mechanical Firm: Planning for Profit in Austrian Perpsective," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 18(1), pages 55-82, January.
    20. Saras D. Sarasvathy & Nicholas Dew, 2013. "Without judgment: An empirically-based entrepreneurial theory of the firm," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 26(3), pages 277-296, September.

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