𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Strategy as economics versus economics as strategy

✍ Scribed by Richard N. Langlois

Publisher
John Wiley and Sons
Year
2003
Tongue
English
Weight
110 KB
Volume
24
Category
Article
ISSN
0143-6570

No coin nor oath required. For personal study only.

✦ Synopsis

Abstract

Clearly, strategy and economics differ along one critical dimension: strategy is concerned descriptively with firms and normatively with the tasks of managers, whereas economics is concerned descriptively with the entire economic system and normatively with the efficiency of that system. Nonetheless, the overlap is considerable, and both management scholars and economists have ransacked economic thought for inspirations to strategic theory and managerial practice. This essay will examine and evaluate that enterprise. More interestingly, perhaps, it will suggest that perhaps the process ought to be reversed. Economics as it is now practiced would do well to learn from strategy. Copyright Β© 2003 John Wiley & Sons, Ltd.

πŸ“œ SIMILAR VOLUMES

Edith Penrose's contribution to economic
Edith Penrose's contribution to economics and strategy: an overview
✍ Steve Thompson; Mike Wright πŸ“‚ Article πŸ“… 2005 πŸ› John Wiley and Sons 🌐 English βš– 121 KB

## Abstract The motivation behind this special issue of __Managerial and Decision Economics__ was two‐fold: First, the special issue offered the opportunity to re‐consider the huge contribution of Edith Penrose to the fields of strategy and economics. Second, it allowed us to present new research f

Geotourism and geoparks as novel strateg
Geotourism and geoparks as novel strategies for socio-economic development in rural areas
✍ Neda Torabi Farsani; Celeste Coelho; Carlos Costa πŸ“‚ Article πŸ“… 2011 πŸ› John Wiley and Sons 🌐 English βš– 395 KB

## Geoparks , as an innovation for the protection of natural and geological heritages, play an important role in the development of geotourism. While developing geotourism, the establishment of geoparks can generate new job opportunities, new economic activities and additional sources of income, es

Edith Penrose, organisational economics
Edith Penrose, organisational economics and business strategy: an assessment and extension
✍ Christos Pitelis πŸ“‚ Article πŸ“… 2005 πŸ› John Wiley and Sons 🌐 English βš– 169 KB

## Abstract The aim of this paper is to expound Penrose's contribution to the theory of the firm, and examine the contribution of her thinking to economics and business strategy, as well as to discuss some limitations and provide some generalizations of Penrose's work. We also discuss implications

Optimal strategies in a game of economic
Optimal strategies in a game of economic survival
✍ Karl Borch πŸ“‚ Article πŸ“… 1982 πŸ› John Wiley and Sons 🌐 English βš– 422 KB

## Abstract The games of economic survival introduced by Shubik and Thompson seem tailor‐made for the analysis of some problems in insurance and have found many applications in this industry. The optimal strategy in such games may be a so‐called β€œband strategy.” This result seems counter‐intuitive