Michael, there's an extensive literature on the role of the Hayekian
"knowledge problem" within the firm. Representative publications include:
Cowen, Tyler and Jerry Ellig. 1996. "Market-Based Management at Koch
Industries: Discovery, Dissemination, and Integration of Knowledge."
Competitive Intelligence Review 6: 4-13.
Foss, Kirsten and Nicolai Foss. 2002. "Organizing Economic Experiments:
Property Rights and Firm Organization." Review of Austrian Economics 15:
297-312.
Foss, Nicolai J. 1999. "The Use of Knowledge in Firms." Journal of
Institutional and Theoretical Economics 155: 458-86.
Ghoshal, Sumantra, Peter Moran and Luis Almeida-Costa. 1995. "The Essence of
the Megacorporation: Shared Context, not Structural Hierarchy." Journal of
Institutional and Theoretical Economics 151: 748-59.
Jensen, Michael C. and William H. Meckling. 1992. "Specific and General
Knowledge and Organizational Structure." In Lars Werin and Hans Wijkander,
eds., Contract Economics. Oxford: Blackwell.
Langlois, Richard N. 1995. "Do Firms Plan?" Constitutional Political Economy
6: 247-61.
Minkler, Alanson P. 1993a. "The Problem With Dispersed Knowledge: Firms in
Theory and Practice." Kyklos 46: 569-87.
Minkler, Alanson P. 1993b. "Knowledge and Internal Organization." Journal of
Economic Behavior and Organization 21: 17-30.
Tsoukas, H. 1996. "The Firm as a Distributed Knowledge System: A
Constructionist Approach." Strategic Management Journal 17: 11-25.
On the relationship between dispersed knowledge, authority, and ownership,
from a Misesian calculation perspective, see:
Foss, Kirsten, Nicolai J. Foss, and Peter G. Klein. 2007. "Original and
Derived Judgment: An Entrepreneurial Theory of Economic Organization."
Organization Studies, forthcoming.
Foss, Nicolai J. 2001. "Misesian Ownership and Coasian Authority in Hayekian
Settings: The Case of the Knowledge Economy." Quarterly Journal of Austrian
Economics 4, no. 4: 3-24.
Klein, Peter G. 1996. "Economic Calculation and the Limits of Organization."
Review of Austrian Economics 9: 3-28.
Lewin, Peter. 1998. "The Firm, Money and Economic Calculation: Considering
the Institutional Nexus of Market Production." American Journal of Economics
and Sociology 57, no. 4: 499-512.
Taylor, Thomas C. 2000. "Current Developments in Cost Accounting and the
Dynamics of Economic Calculation." Quarterly Journal of Austrian Economics
3, no 2: 3-29.
Regards,
Peter Klein
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