Instant Access to the Journals You Need

for just $40 per month.

Get 2 Weeks Free

Winter on Schumpeter on the firm: some issues of intertemporal continuity

Winter on Schumpeter on the firm: some issues of intertemporal continuity


Industrial and Corporate Change, Volume 15, Number 1, pp. 143–144 doi:10.1093/icc/dtj007 Advance Access published February 3, 2006 Any paper of Sid Winter’s is provocative of new thinking. It is good to rescue this brief note of 1968, for it sets forth tersely but amply the knowledge implications of the organization of production in firms. If we follow Winter in examining seriously the neoclassical concept that the firm is the locus of productive knowledge, we learn that there are all sorts of ambiguities and partial degrees of knowledge. Further, the assumption that the state of knowledge is given cannot be maintained; there are intrinsic dynamics, so that the firm’s techniques are continually changing. The correctness of Sid Winter’s observations is not in any doubt. There is, of course, the problem of translating that insight into a usable model capable of yielding implications for prediction and policy. Since the paper was written, there has indeed been a lot of discussion in the literature of organization theory which emphasizes the role of firms in transmitting and acquiring knowledge (e.g., Nickerson and Zenger, 2004). In a way the cumulative impact of a firm’s decisions to acquire knowledge justifies the neoclassical identification of
Loading next page...

You're reading a free preview. Subscribe to read the entire article.

And millions more from thousands of peer-reviewed journals, for only $40/month.

Get 2 Weeks Free

To be the best researcher, you need access to the best research

  • With DeepDyve, you can stop worrying about how much articles cost, or if it's too much hassle to order — it's all at your fingertips. Your research is important and deserves the top content.
  • Read from thousands of the leading scholarly journals from Springer, Elsevier, Nature, IEEE, Wiley-Blackwell and more.
  • All the latest content is available, no embargo periods.

Stop missing out on the latest updates in your field

  • We’ll send you automatic email updates on the keywords and journals you tell us are most important to you.
  • There is a lot of content out there, so we help you sift through it and stay organized.