Working Paper Series, Department of Industrial Economics & Strategy, Copenhagen Business School
Kirsten Foss and Nicolai Foss
The knowledge-Based Approach and Organizational Economics: How Much Do They Really Differ? And How Does It Matter?
Abstract: The knowledge-based approach and organizational economics
are usually seen as offering opposing approaches to the explanation of
organizational phenomena. Relying on a taxonomic framework from the
philosophy of science, we argue that many differences between these
approaches are more apparent than real. Thus, many insights associated with
the knowledge-based approach can be reduced to organizational economics
insights. However, not everything can be thus reduced. There is an
important residual, comprising differential cognition, learning, and
Keywords: economic organization; firm strategy; (follow links to similar papers)
JEL-Codes: L21; L22; M2; (follow links to similar papers)
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