Anna Grandori - Epistemic Economics and Organization: Forms of Rationality and Governance for a Wiser Economy

This book proposes a new approach to economics, management and organization that should help in making economic organization wise, innovative and robust in an uncertain and risky world. Although the modern economy and society is knowledge intensive, Anna Grandori argues that the dominant economic, organizational and behavioural models neglect to a large extent the problem of valid knowledge construction and effective knowledge governance.

The book integrates inputs from economics and behavioural science with insights from the philosophy of knowledge to define new micro-foundations: neither a calculative, deductive and omniscient rational actor; nor an experiential, adaptive and biased behavioural actor; but a knowledgeable and imaginative epistemic actor.

The implications for contracts and organizations, sustained also by insights from law, are shown to be far reaching, including a new view of the nature of the firm as an entity-establishing agreement under which to discover uses of resources under uncertainty, and as a democratic institution.

Anna Grandori is Professor of Business Organization at Bocconi University, Milan, Italy.

Routledge studies in global competition

Edited by
John Cantwell

Rutgers, State University of New Jersey, USA

and
David Mowery

University of California, Berkeley, USA

1 Japanese Firms in Europe

Edited by Frdrique Sachwald

2 Technological Innovation, Multinational Corporations and New International Competitiveness

The case of intermediate countries

Edited by Jos Molero

3 Global Competition and the Labour Market

Nigel Driffield

4 The Source of Capital Goods Innovation

The role of user firms in Japan and Korea

Kong-Rae Lee

5 Climates of Global Competition

Maria Bengtsson

6 Multinational Enterprises and Technological Spillovers

Tommaso Perez

7 Governance of International Strategic Alliances

Technology and transaction costs

Joanne E. Oxley

8 Strategy in Emerging Markets

Telecommunications establishments in Europe

Anders Pehrsson

9 Going Multinational

The Korean experience of direct investment

Edited by Frdrique Sachwald

10 Multinational Firms and Impacts on Employment, Trade and Technology

New perspectives for a new century

Edited by Robert E. Lipsey and

Jean-Louis Mucchielli

11 Multinational Firms

The globallocal dilemma

Edited by John H. Dunning and Jean-Louis Mucchielli

12 MIT and the Rise of Entrepreneurial Science

Henry Etzkowitz

13 Technological Resources and the Logic of Corporate Diversification

Brian Silverman

14 The Economics of Innovation, New Technologies and Structural Change

Cristiano Antonelli

15 European Union Direct Investment in China

Characteristics, challenges and perspectives

Daniel Van Den Bulcke,
Haiyan Zhang and
Maria do Cu Esteves

16 Biotechnology in Comparative Perspective

Edited by Gerhard Fuchs

17 Technological Change and Economic PerformanceAlbert L. Link and

Donald S. Siegel

18 Multinational Corporations and European Regional Systems of Innovation

John Cantwell and

Simona Iammarino

19 nowledge and Innovation inRegional Industry

An entrepreneurial coalition

Roel Rutten

20 Local Industrial Clusters

Existence, emergence and evolution

Thomas Brenner

21 The Emerging Industrial Structure of the Wider Europe

Edited by Francis McGowen,
Slavo Radosevic and
Nick Von Tunzelmann

22 Entrepreneurship

A new perspective

Thomas Grebel

23 Evaluating Public Research Institutions

The US Advanced Technology Programs Intramural Research Initiative

Albert N. Link and John T. Scott

24 Location and Competition

Edited by Steven Brakman and Harry Garretsen

25 Entrepreneurship and Dynamics in the Knowledge Economy

Edited by Charlie Karlsson,

Brje Johansson and

Roger R. Stough

26 Evolution and Design of Institutions

Edited by Christian Schubert and

Georg von Wangenheim

27 The Changing Economic Geography of Globalization

Reinventing space

Edited by Giovanna Vertova

28 Economics of the Firm

Analysis, evolution and history

Edited by Michael Dietrich

29 Innovation, Technology and Hypercompetition

Hans Gottinger

30 Mergers and Acquisitions in Asia

A global perspective

Roger Y.W. Tang and

Ali M. Metwalli

31 Competitiveness of New Industries

Institutional framework and learning in information technology in Japan, the US and Germany

Edited Cornelia Storz and

Andreas Moerke

32 Entry and Post-entry Performance of Newborn Firms

Marco Vivarelli

33 Changes in Regional Firm Founding Activities

A theoretical explanation and empirical evidence

Dirk Fornahl

34 Risk Appraisal and Venture Capital in High Technology New Ventures

Gavin C. Reid and Julia A. Smith

35 Competing for Knowledge

Creating, connecting and growing

Robert Huggins and Hiro Izushi

36 Corporate Governance, Finance and the Technological Advantage of Nations

Andrew Tylecote and

Francesca Visintin

37 Dynamic Capabilities between Firm Organisation and Local Systems of Production

Edited by Riccardo Leoncini and

Sandro Montresor

38 Localised Technological Change

Towards the economics of complexity

Cristiano Antonelli

39 Knowledge Economies

Innovation, organization and location

Wilfred Dolfsma

40 Governance and Innovation

Maria Brouwer

41 Public Policy for Regional Development

Edited by Jorge Martinez-Vazquez and Franois Vaillancourt

42 Evolutionary Economic Geography

Location of production and the European Union

Miroslav Jovanovic

43 Broadband Economics

Lessons from Japan

Takanori Ida

44 Targeting Regional Economic Development

Edited by Stephan J. Goetz,

Steven C. Deller and

Thomas R. Harris

45 Innovation, Knowledge and Power in Organizations

Theodora Asimakou

46 Creativity, Innovation and the Cultural Economy

Edited by Andy C. Pratt and

Paul Jeffcutt

47 Coopetition Strategy

Giovanni Battista Dagnino and

Elena Rocco

48 Knowledge Intensive Entrepreneurship and Innovation Systems

Evidence from Europe

Edited by Franco Malerba

49 Innovation in Complex Social Systems

Edited by Petra Ahrweiler

50 Internationalization, Technological Change and the Theory of the Firm

Edited by Nicola De Liso and

Riccardo Leoncini

51 Territory, Specialization and Globalization in European Manufacturing