Cosmologies of Capability, Markets and Wisdom of Crowds: Introduction and Comparative Agenda

Felin, Teppo (2012) Cosmologies of Capability, Markets and Wisdom of Crowds: Introduction and Comparative Agenda. Managerial and Decision Economics, 33 (5-6). pp. 283-294.

Abstract

The ability—or ‘capability’—to do something has much to do with the nature of the individuals involved and the aggregate and emergent outcomes of their interactions. I focus on the endogenous origins of capability in organizations and markets, in response to cosmologies of capability and organization that focus on the exogenous environment (selection or external categories), behavioral learning and related mechanisms (association or analogy). I look at capabilities comparatively—across forms, contexts and even species—and discuss their aggregate, emergent nature. I introduce the special issue papers and discuss a broader agenda on endogenous capabilities, aggregation and comparative organization.

Item Type: Article
Subject(s): Strategy; Entrepreneurship & Global business
Centre: Faculty of Strategy, Entrepreneurship and International Business
Date Deposited: 22 Oct 2015 09:29
Last Modified: 23 Oct 2015 14:08
Funders: N/A
URI: http://eureka.sbs.ox.ac.uk/id/eprint/5748

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