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

See all articles by Nicolai J. Foss

Nicolai J. Foss

Bocconi University - Department of Management and Technology

Peter G. Klein

Baylor University - Hankamer School of Business; Norwegian School of Economics (NHH) - Department of Strategy and Management; Ludwig von Mises Institute

Date Written: February 3, 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.

Keywords: Friedrich Hayek, organizational theory, dispersed knowledge, evolved rules, subjectivism, entrepreneurship

JEL Classification: B25, B5, D23

Suggested Citation

Foss, Nicolai J. and Klein, Peter G., Hayek and Organizational Studies (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. Available at SSRN: https://ssrn.com/abstract=2212592

Nicolai J. Foss (Contact Author)

Bocconi University - Department of Management and Technology ( email )

Via Roentgen 1
Milan, MI 20136
Italy

Peter G. Klein

Baylor University - Hankamer School of Business ( email )

Waco, TX 76798
United States
254-710-4903 (Phone)

Norwegian School of Economics (NHH) - Department of Strategy and Management ( email )

Breiviksveien 40
N-5045 Bergen
Norway

Ludwig von Mises Institute ( email )

Auburn, AL
United States

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