A General Theory of Competition: Resources, Competences, Productivity, Economic Growth by Shelby D. Hunt

A General Theory of Competition: Resources, Competences, Productivity, Economic Growth by Shelby... The Review of Austrian Economics, 16:4, 385–393, 2003. c 2003 Kluwer Academic Publishers. Manufactured in The Netherlands. Review Shelby D. Hunt (2000) A General Theory of Competition: Resources, Competences, Pro- ductivity, Economic Growth, Thousand Oaks, London and New Delhi: Sage Publications, xv + pp. 303. This book bears witness to the fact that business administration as an academic field of study has arrived. Over the past twenty years, it has outgrown its role of receiving, applying, popularizing, and in this process often simplifying and distorting, theories from economics, psychology, or sociology. The resource-based theory of the firm, which was developed primarily in management strategy, exemplifies a reversal of the traditional intellectual bor- rowing relationship. It is therefore particularly noteworthy if a marketing scientist, though certainly equipped with a significant background in economics, seeks to develop a general theory of competition, by obliterating the old distinction between “theoretical” economics and “applied” business disciplines. Such endeavor, on the other hand, exposes a book not only to a review of its merits for marketing but—if such distinction can still be upheld at all—also for “general” economics. Shelby D. Hunt holds a distinguished chair in marketing at Texas Technical University and has produced http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Review of Austrian Economics Springer Journals

A General Theory of Competition: Resources, Competences, Productivity, Economic Growth by Shelby D. Hunt

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Publisher
Kluwer Academic Publishers
Copyright
Copyright © 2003 by Kluwer Academic Publishers
Subject
Economics; Public Finance; Political Science; History of Economic Thought/Methodology
ISSN
0889-3047
eISSN
1573-7128
D.O.I.
10.1023/A:1027353307279
Publisher site
See Article on Publisher Site

Abstract

The Review of Austrian Economics, 16:4, 385–393, 2003. c 2003 Kluwer Academic Publishers. Manufactured in The Netherlands. Review Shelby D. Hunt (2000) A General Theory of Competition: Resources, Competences, Pro- ductivity, Economic Growth, Thousand Oaks, London and New Delhi: Sage Publications, xv + pp. 303. This book bears witness to the fact that business administration as an academic field of study has arrived. Over the past twenty years, it has outgrown its role of receiving, applying, popularizing, and in this process often simplifying and distorting, theories from economics, psychology, or sociology. The resource-based theory of the firm, which was developed primarily in management strategy, exemplifies a reversal of the traditional intellectual bor- rowing relationship. It is therefore particularly noteworthy if a marketing scientist, though certainly equipped with a significant background in economics, seeks to develop a general theory of competition, by obliterating the old distinction between “theoretical” economics and “applied” business disciplines. Such endeavor, on the other hand, exposes a book not only to a review of its merits for marketing but—if such distinction can still be upheld at all—also for “general” economics. Shelby D. Hunt holds a distinguished chair in marketing at Texas Technical University and has produced

Journal

The Review of Austrian EconomicsSpringer Journals

Published: Oct 4, 2004

References

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