Chapter

Visions of the Firm: A Critical Survey of Leading Approaches to the Firm

Martin Fransman

in Visions of Innovation

Published in print May 1999 | ISBN: 9780198289357
Published online November 2003 | e-ISBN: 9780191596261 | DOI: http://dx.doi.org/10.1093/0198289359.003.0002

Series: Japan Business and Economics Series

 Visions of the Firm: A Critical Survey of Leading Approaches to the Firm

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The first purpose of this chapter is to demonstrate that many of the best‐known approaches to the firm in economics have in common a starting point that sees the firm as a response to information‐related problems. The second is to critically review some of these approaches on the basis of the internal structure of their arguments. The third is to analyse some of the limitations of the ‘information‐related paradigm’ in the light of the distinction that it is argued must be drawn between ‘information’ and ‘knowledge’. Finally, the chapter proposes some additional approaches to the firm that merit further exploration.

Keywords: approaches to the firm; companies; economic theory; firms; information; knowledge; surveys; vision; visions of the firm

Chapter.  18499 words.  Illustrated.

Subjects: Microeconomics

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