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- Search found 3 items for:
- Production Theory
- Peter G. Klein
- English
- 2009
Mises Daily
Author:
Nicolai J. Foss
Peter G. Klein
Online Publish Date:
Is management theory to blame for the current crisis in the world economy? Some commentators think that business schools’ focus on shareholder wealth maximization, performance-based pay, and the virtue of self-interest have led banks, corporations, and governments astray. Hefty bonuses promoted excessive risk-taking, and the free-market philosophy
Mises Daily
Author:
Peter G. Klein
Online Publish Date:
Oliver Williamson’s Nobel Prize , shared with Elinor Ostrom, is great news for Austrians. Williamson’s pathbreaking analysis of how alternative organizational forms — markets, hierarchies, and hybrids, as he calls them — emerge, perform, and adapt has defined the modern field of organizational economics. Williamson is no Austrian, but he is