Thorstein B. Veblen: Precursor of the Competence-Based Approach to the Firm

29 Pages Posted: 15 Feb 1998

See all articles by Nicolai J. Foss

Nicolai J. Foss

Copenhagen Business School - Department of Strategy and Innovation

Multiple version iconThere are 2 versions of this paper

Date Written: October 1996

Abstract

This paper makes the point that Thorstein Veblen should be considered one of the important precursors of the emerging competence-based approach to the firm. Thus, the emphasis in this literature on firms as path-dependent entities characterised by their heterogeneous knowledge-bases, operating under conditions of genuine uncertainty, and existing because they provide moral and cognitive communities that foster the development of productive competencies, can all be traced to key themes in Veblen's work.

JEL Classification: B15, B25, L22, D81

Suggested Citation

Foss, Nicolai J., Thorstein B. Veblen: Precursor of the Competence-Based Approach to the Firm (October 1996). Available at SSRN: https://ssrn.com/abstract=56285 or http://dx.doi.org/10.2139/ssrn.56285

Nicolai J. Foss (Contact Author)

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

Kilen
Frederiksberg, 2000
Denmark

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