The Nature and Importance of Economic Competence

This chapter takes on three tasks: (1) to survey the study of economic competence as it appears in economic literature; (2) to give a meaningful and operational definition of economic competence as one of the factors contributing to macroeconomic growth; and (3) to suggest a methodology — pursued in greater depth elsewhere — to generalize and link economic competence, as defined at the micro (firm, individual) level, to macroeconomic growth through simulation on the micro-based macroeconomic Model of the Swedish Economic System (MOSES). By introducing knowledge in the micro setting of firm organizational competence, we arrive at a very different interpretation measured at the macro industry level from that of standard neoclassical theory.

[1]  B. Carlsson.  Industrial Dynamics and the Role of Small Plants in Swedish Manufacturing Industry, 1968-1988 , 1994 .

[2]  Nicolai J. Foss,et al.  Theories of the firm: contractual and competence perspectives , 1993 .

[3]  W. Adams.  Singular Europe : economy and polity of the European Community after 1992 , 1993 .

[4]  Bo Carlsson.  The Rise of Small Business: Causes and Consequences , 1992 .

[5]  Daniel F. Spulber.  ECONOMIC ANALYSIS AND MANAGEMENT STRATEGY: A SURVEY , 1992 .

[6]  F. Malerba.  Learning by Firms and Incremental Technical Change , 1992 .

[7]  T. Willett,et al.  Financial Regulation and Monetary Arrangements After 1992 , 1991 .

[8]  Gunnar Eliasson,et al.  Modeling the experimentally organized economy: Complex dynamics in an empirical micro-macro model of endogenous economic growth , 1991 .

[9]  G. Eliasson.  Business Competence, Organizational Learning and Economic Growth: Establishing the Smith-Schumpeter-Wicksell (SSW) Connection , 1991 .

[10]  G. Eliasson.  Financial Institutions in a European Market for Executive Competence , 1991 .

[11]  W. Scott,et al.  Tracking the Giant Corporation@@@Scale and Scope: The Dynamics of Industrial Capitalism. , 1991 .

[12]  Erol Taymaz,et al.  The Knowledge Based Information Economy , 1990 .

[13]  Gunnar Eliasson,et al.  The Firm as a Competent Team , 1990 .

[14]  Daniel A. Levinthal,et al.  ABSORPTIVE CAPACITY: A NEW PERSPECTIVE ON LEARNING AND INNOVATION , 1990 .

[15]  W. Arthur.  Positive feedbacks in the economy , 1990 .

[16]  C. Prahalad,et al.  The Core Competence of the Corporation , 1990 .

[17]  Graham Vickery,et al.  Technology and investment : crucial issues for the 1990s , 1990 .

[18]  P. Pelikán.  Evolution, economic competence, and the market for corporate control , 1989 .

[19]  M. Steuer,et al.  Evolutionary Economics: Applications of Schumpeter's Ideas. , 1989 .

[20]  G. Dosi,et al.  Technical Change and Economic Theory , 1989 .

[21]  Bo Carlsson,et al.  The evolution of manufacturing technology and its impact on industrial structure: An international study , 1989 .

[22]  Bo Carlsson,et al.  Industrial dynamics : technological, organizational, and structural changes in industries and firms , 1989 .

[23]  Ken-ichi Imai,et al.  Evolution of Japan’s Corporate and Industrial Networks , 1989 .

[24]  G. Eliasson.  The Dynamics of Supply and Economic Growth , 1989 .

[25]  G. Eliasson.  The International Firm: A Vehicle for Overcoming Barriers to Trade and a Global Intelligence Organization Diffusing the Notion of a Nation , 1988 .

[26]  E. Dahmen,et al.  ‘Development Blocks’ in Industrial Economics , 1988 .

[27]  G. Eliasson,et al.  Technological competition and trade in the experimentally organized economy , 1987 .

[28]  B. Carlsson.  Productivity Analysis: A Micro-to-Macro Perspective , 1987 .

[29]  P. Romer.  Increasing Returns and Long-Run Growth , 1986, Journal of Political Economy.

[30]  G. Eliasson.  De Svenska storföretagen : en studie av internationaliseringens konsekvenser för den svenska ekonomin , 1985 .

[31]  Gunnar Eliasson.  The Firm and Financial Markets in the Swedish Micro-To-Macro Model: Theory, Model, and Verification , 1985 .

[32]  P. David.  Clio and the Economics of QWERTY , 1985 .

[33]  Hiroyuki Itami,et al.  Interpenetration of organization and market : Japan's firm and market in comparison with the U.S , 1984 .

[34]  R. H. Waterman,et al.  In Search of Excellence , 1983 .

[35]  A Micro-to-macro model of the Swedish economy , 1980 .

[36]  Philip M. Marcus,et al.  The Visible Hand: The Managerial Revolution in American Business , 1979 .

[37]  O. Williamson,et al.  Markets and Hierarchies: Analysis and Antitrust Implications. , 1977 .

[38]  Gunnar Eliasson,et al.  Business economic planning: Theory, practice, and comparison , 1976 .

[39]  H. Demsetz,et al.  Production, Information Costs, and Economic Organization , 1975, IEEE Engineering Management Review.

[40]  Fritz Machlup,et al.  THEORIES OF THE FIRM: MARGINALIST, BEHAVIORAL, MANAGERIAL , 1978 .

[41]  Hurvey Leibenstein.  Allocative efficiency vs. X-Efficiency , 1966 .

[42]  M. Polanyi.  Chapter 7 – The Tacit Dimension , 1997 .

[43]  Alfred Dupont Chandler,et al.  战略与结构 : 美国工商企业成长的若干篇章=strategy and structure : chapters in the history of the American industrial enterprise , 1962 .

[44]  K. Arrow.  Economic Welfare and the Allocation of Resources for Invention , 1962 .

[45]  William J. Baumol,et al.  Business Behavior, Value, and Growth , 1960 .

[46]  E. Penrose.  The theory of the growth of the firm twenty-five years after , 1960 .

[47]  M. Polanyi.  Personal Knowledge: Towards a post-critical philosophy , 1959 .

[48]  H. Simon,et al.  Models of Man. , 1957 .

[49]  Philip Selznick.  Leadership in administration , 1957 .

[50]  H. Simon,et al.  A Behavioral Model of Rational Choice , 1955 .

[51]  R. Coase.  The Nature of the Firm , 1937 .

[52]  J. Schumpeter,et al.  The Theory of Economic Development , 2017 .

[53]  J. Schumpeter.  Theorie der wirtschaftlichen Entwicklung , 1913 .

[54]  A. Marshall,et al.  Principles of Economics , 1890 .

[55]  C. Babbage.  Economy of Machinery and Manufactures , 1832 .