Understanding of Knowledge as a Cognitive Process within the Framework of Economic Theory of Organization

The paper looks into the (deficiency in) understanding of knowledge as a cognitive process within the economic theory of organization. The author's analysis is based on rationality. By employing the concept of rationality the least common denominator in the economic organization theory, a new understanding of economic organization theory's evolution is presented, as well as a new way of surpassing the numerous divisions in the scientific community.