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Visions of InnovationThe Firm and Japan$
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Martin Fransman

Print publication date: 1999

Print ISBN-13: 9780198289357

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0198289359.001.0001

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

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

(p.16) 1 Visions of the Firm: A Critical Survey of Leading Approaches to the Firm
Visions of Innovation

Martin Fransman (Contributor Webpage)

Oxford University Press

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

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