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
Date Written: August 1, 2011
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: Suggested Citation