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Why transaction cost economics needs evolutionary economics

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  • Nicolai J. Foss

Abstract

[fre] L'article propose de combiner les théories néo-institutionalistes du type coûts de transaction avec les théories évolutionnistes des marchés et organisations de manière à obtenir un néo-institutionalisme dynamique. L'argumentation s'appuie sur l'existence d'un certain nombre de réalités qui ne peuvent être expliquées de manière satisfaisante que pour une telle théorie, en insistant sur la nécessité de changement dans le néo-institutionalisme. Une sorte de programme minimum pour une théorie néo-institutionaliste dynamique est ensuite présentée. [eng] The article suggests that neo-institutionalist economics of the transaction cost variety be joined with evolutionary theories of markets and organizations in order to obtain a dynamic neo-institutionalism. This is argued by suggesting the existence of a number of objects of explanation that can only satisfactorily be explained by such a theory, by pointing to the necessity of change for neo-institutionalism, and by invoking arguments on functionalism and other explanatory themes. A sort of minimum programme for a dynamic neo-institutionalism is then briefly sketched out.

Suggested Citation

  • Nicolai J. Foss, 1994. "Why transaction cost economics needs evolutionary economics," Revue d'Économie Industrielle, Programme National Persée, vol. 68(1), pages 7-26.
    • Handle: RePEc:prs:recind:rei_0154-3229_1994_num_68_1_1524
    DOI: 10.3406/rei.1994.1524
    Note: DOI:10.3406/rei.1994.1524
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    Cited by:

    1. Frédéric CREPLET & Olivier DUPOUET & Francis KERN & Francis MUNIER, 2004. "Organizational and Cognitive Duality of the firm with community concept," Working Papers of BETA 2004-06, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    2. Ibrahim Ahamada & Alain Nurbel, 2008. "Investissements directs étrangers entrants et développement : l'enjeu de la capacité d'absorption," PSE-Ecole d'économie de Paris (Postprint) halshs-00305299, HAL.
    3. Alain Nurbel & Ibrahim Ahamada, 2008. "Investissements directs étrangers entrants et développement : l'enjeu de la capacité d'absorption," Mondes en développement, De Boeck Université, vol. 0(3), pages 79-96.
    4. Frédéric CREPLET & Olivier DUPOUET & Francis KERN & Francis MUNIER, 2000. "Tie Organizational and Cognitive Duality of the firm with community concept," Working Papers of BETA 2000-08, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    5. Miotti, Luis & Sachwald, Frederique, 2003. "Co-operative R&D: why and with whom?: An integrated framework of analysis," Research Policy, Elsevier, vol. 32(8), pages 1481-1499, September.
    6. Sachwald, Frederique, 1998. "Cooperative agreements and the theory of the firm: Focusing on barriers to change," Journal of Economic Behavior & Organization, Elsevier, vol. 35(2), pages 203-225, April.
    7. QUELIN, Bertrand V. & BONARDI, Jean-Philippe, 1999. "From Rent-Seeking Activities to Economic Activities: The Strategic Transformation of the Deregulated Firm," HEC Research Papers Series 680, HEC Paris.
    8. Nicolai J. Foss, 1996. "Capabilities and the Theory of the Firm," Revue d'Économie Industrielle, Programme National Persée, vol. 77(1), pages 7-28.
    9. Frédéric CREPLET & Olivier DUPOUET & Francis KERN & Francis MUNIER, 2002. "Organizational and Cognitive Duality of the firm with community concept," Working Papers of BETA 2002-10, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    10. Ennio E. Piano & Louis Rouanet, 2020. "Economic calculation and the organization of markets," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 33(3), pages 331-348, September.
    11. Kapás, Judit, 1999. "Szükséges-e többdimenziós vállalatelmélet?. Az evolúciós vállalatelmélet kritikai összefoglalása [Is a multi-dimensional theory of the firm necessary?. A critical summary of the evolutionary theory," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(9), pages 823-841.

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