Abstract
This article briefly surveys the relations between key Austrian economics themes such as the market process aspects of competition, the subjectivity of economic value, methodological individualism, resource heterogeneity, distributed knowledge, the time-structure of production and the entrepreneur, and modern strategy thinking. Parallels can be found in the knowledge-based view, the critique of strategy as planning, the emphasis on resource heterogeneity and, in the recent microfoundations emphasis, in strategic management.
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Foss, N.J. (2016). Austrian Economics. In: Augier, M., Teece, D. (eds) The Palgrave Encyclopedia of Strategic Management. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-94848-2_459-1
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DOI: https://doi.org/10.1057/978-1-349-94848-2_459-1
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Publisher Name: Palgrave Macmillan, London
Online ISBN: 978-1-349-94848-2
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