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Hayek and Organizational StudiesNicolai J. FossCopenhagen Business School - Department of Strategic Management and Globalization Peter G. KleinUniversity of Missouri, Division of Applied Social Sciences; Norwegian School of Economics and Business Administration; Ludwig von Mises Institute February 3, 2013 OXFORD HANDBOOK OF SOCIOLOGY, SOCIAL THEORY AND ORGANIZATIONAL STUDIES: CONTEMPORARY CURRENTS, Paul Adler, Paul du Gay, Glenn Morgan, Mike Reed, eds., Oxford University Press, 2013 Abstract: We briefly survey Hayek’s work and argue for its increasing relevance for organizational scholars. Hayek’s work inspired aspects of the transaction cost approach to the firm as well as knowledge management and knowledge-based view of the firm. But Hayek is usually seen within organizational scholarship as a narrow, technical economist. We hope to change that perception here by pointing to his work on rules, evolution, entrepreneurship and other aspects of his wide-ranging oeuvre with substantive implications for organizational theory.
Number of Pages in PDF File: 29 Keywords: Friedrich Hayek, organizational theory, dispersed knowledge, evolved rules, subjectivism, entrepreneurship JEL Classification: B25, B5, D23 Accepted Paper SeriesDate posted: February 6, 2013Suggested CitationContact Information
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