Firms and the Coordination of Knowledge : Some Austrian Insights

  title={Firms and the Coordination of Knowledge : Some Austrian Insights},
  author={Nicolai Juul Foss},
This paper argues that Austrian economics allow us to identify a number of weak spots in the modern economics of organization. Thus, neither the dispersion of tacit and subjectively knowledge in organizations, nor the entrepreneurial discovery process are comprehensively treated in this body of thought. Thinking about these issues in the context of the firm leads to a different, but perhaps complementary perspective on economic organization. Acknowledgments The comments of Thraínn Eggertson… CONTINUE READING

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