The (Proper) Microfoundations of Routines and Capabilities: A Response to Winter, Pentland, Hodgson and Knudsen

Journal of Institutional Economics, Forthcoming

26 Pages Posted: 5 Sep 2011

See all articles by Teppo Felin

Teppo Felin

University of Oxford - Said Business School

Nicolai J. Foss

Copenhagen Business School - Department of Strategy and Innovation

Date Written: August 1, 2011

Abstract

Winter (2011), Pentland (2011), and Hodgson and Knudsen (2011) take issue with the arguments in Felin and Foss (2011), along with more generally critiquing the “microfoundations project” related to routines and capabilities. In this rejoinder we argue that the responses of our critics reinforce a number of the points stated in our writings on the routines and capabilities literature. In response to their many points we address the following key issues in the debate: 1) lack of construct clarity, 2) universal mechanisms or comparative chauvinism, 3) models of mind and man, 4) levels of analysis, 5) agency and uncaused causes, and then further discuss 6) a rationalist alternative.

Keywords: utionary economics and routines, philosophy of science, organizational economics and capabilities, microfoundations

JEL Classification: B4, B5, D2, O3

Suggested Citation

Felin, Teppo and Foss, Nicolai J., The (Proper) Microfoundations of Routines and Capabilities: A Response to Winter, Pentland, Hodgson and Knudsen (August 1, 2011). Journal of Institutional Economics, Forthcoming, Available at SSRN: https://ssrn.com/abstract=1922846

Teppo Felin (Contact Author)

University of Oxford - Said Business School ( email )

Park End Street
Oxford, OX1 1HP
Great Britain

HOME PAGE: http://sites.google.com/site/teppofelin2/

Nicolai J. Foss

Copenhagen Business School - Department of Strategy and Innovation ( email )

Kilen
Frederiksberg, 2000
Denmark

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