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

Posted: 2 May 1998

See all articles by Nicolai J. Foss

Nicolai J. Foss

Copenhagen Business School - Department of Strategy and Innovation

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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. Available at SSRN: https://ssrn.com/abstract=82888

Nicolai J. Foss (Contact Author)

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

Kilen
Frederiksberg, 2000
Denmark

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