Hayek and Organizational Studies
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
29 Pages Posted: 6 Feb 2013
Date Written: February 3, 2013
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.
Keywords: Friedrich Hayek, organizational theory, dispersed knowledge, evolved rules, subjectivism, entrepreneurship
JEL Classification: B25, B5, D23
Suggested Citation: Suggested Citation