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Some leads for you: - Ronald Coase's "islands of conscious power" - Herbert Simon "Organizations and Markets" - Both of which I discovered via "The People’s
by crabmusket 5y ago
Some leads for you:
- Ronald Coase's "islands of conscious power"
- Herbert Simon "Organizations and Markets"
- Both of which I discovered via "The People’s Republic of Walmart" by Leigh Phillips and Michal Rozworski
A quote from Simon:
"The economies of modern industrialized society can more appropriately be labeled organizational economies than market economies. Thus, even market-driven capitalist economies need a theory of organizations as much as they need a theory of markets. The attempts of the new institutional economics to explain organizational behavior solely in terms of agency, asymmetric information, transaction costs, opportunism, and other concepts drawn from neo-classical economics ignore key organizational mechanisms like authority, identification, and coordination, and hence are seriously incomplete."