TY - CHAP AB - In this paper I employ the perspective of embodied cognition to develop a ‘cognitive’ theory of the firm and organisations more in general. An organisation is any form of coordinated behavior, while a firm is a special form of organisation, with a legal identity concerning property rights, liability and employment. A possible misunderstanding of terminology should be eliminated from the start. In this paper, the terms ‘knowledge’ and ‘cognition’ have a wide meaning, going beyond rational calculation. They denote a broad range of mental activity, including proprioception, perception, sense making, categorisation, inference, value judgments, and emotions. Following others, and in line with the perspective of embodied cognition, I see cognition and emotion (such as fear, suspicion), and body and mind, as closely linked (Merleau-Ponty, 1942, 1964; Simon, 1983; Damasio, 1995, 2003; Nussbaum, 2001). VL - 9 SN - 978-1-84950-465-2, 978-0-76231-378-5/1529-2134 DO - 10.1016/S1529-2134(06)09006-5 UR - https://doi.org/10.1016/S1529-2134(06)09006-5 AU - Nooteboom Bart ED - Elisabeth Krecké ED - Carine Krecké ED - Roger G. Koppl PY - 2006 Y1 - 2006/01/01 TI - Elements of a Cognitive Theory of the Firm T2 - Cognition and Economics T3 - Advances in Austrian Economics PB - Emerald Group Publishing Limited SP - 145 EP - 175 Y2 - 2024/04/24 ER -