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Advanced Introduction to the Economics of Organization
This incisive book presents a succinct overview of the economics of organization. Combining traditional approaches with more challenging, cutting-edge perspectives, Richard N. Langlois critically examines the ways in which tasks and transactions in the economy are organized.
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Critical Acclaim
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Elgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences, business and law, expertly written by the world’s leading scholars. Designed to be accessible yet rigorous, they offer concise and lucid surveys of the substantive and policy issues associated with discrete subject areas.
This incisive book presents a succinct overview of the economics of organization. Combining traditional approaches with more challenging, cutting-edge perspectives, Richard N. Langlois critically examines the ways in which tasks and transactions in the economy are organized.
Drawing on a diverse array of historical and real-world examples, chapters outline key principles of the field including division of labor, transaction costs, moral hazard, and asset specificity. This Advanced Introduction investigates ‘organization’ more broadly, delving into underexplored areas such as capabilities and routines, evolutionary selection, dynamic transaction costs, and modular systems.
Key Features:
● Emphasizes narrative and storytelling to convey technical concepts
● Deconstructs popular misconceptions and didactic fables in the field
● Provides an engaging, non-technical analysis of the economics of organization
The Advanced Introduction to the Economics of Organization is an invaluable resource for academics and students in economics, business and management, sociology, finance, and accounting, as well as instructors in graduate-level microtheory courses.
This incisive book presents a succinct overview of the economics of organization. Combining traditional approaches with more challenging, cutting-edge perspectives, Richard N. Langlois critically examines the ways in which tasks and transactions in the economy are organized.
Drawing on a diverse array of historical and real-world examples, chapters outline key principles of the field including division of labor, transaction costs, moral hazard, and asset specificity. This Advanced Introduction investigates ‘organization’ more broadly, delving into underexplored areas such as capabilities and routines, evolutionary selection, dynamic transaction costs, and modular systems.
Key Features:
● Emphasizes narrative and storytelling to convey technical concepts
● Deconstructs popular misconceptions and didactic fables in the field
● Provides an engaging, non-technical analysis of the economics of organization
The Advanced Introduction to the Economics of Organization is an invaluable resource for academics and students in economics, business and management, sociology, finance, and accounting, as well as instructors in graduate-level microtheory courses.
Critical Acclaim
‘Richard N. Langlois has for a long time been one of the most creative, unique, and inspirational thinkers on the broad subject of economic organization, and how it relates to dynamics, uncertainty, and capabilities. Not all trail-blazers write well—but Langlois certainly does. This book represents Langlois’ take on current thinking on economic organization, or, more narrowly, the theory of the firm, while advancing his own unique perspective. It is simultaneously thought-provoking and engaging, and in all a fun read!’
– Nicolai J. Foss, Copenhagen Business School, Denmark
– Nicolai J. Foss, Copenhagen Business School, Denmark
