Author : Dunn, Malcolm
Publisher : Universitätsverlag Potsdam
ISBN 13 : 3869562471
Total Pages : 386 pages
Book Rating : 4.8/5 (695 download)
Book Synopsis Inside the capitalist firm by : Dunn, Malcolm
Download or read book Inside the capitalist firm written by Dunn, Malcolm and published by Universitätsverlag Potsdam. This book was released on 2014-01-16 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book deals with the inner life of the capitalist firm. There we find numerous conflicts, the most important of which concerns the individual employment relationship which is understood as a principal-agent problem between the manager, the principal, who issues orders that are to be followed by the employee, the agent. Whereas economic theory traditionally analyses this relationship from a (normative) perspective of the firm in order to support the manager in finding ways to influence the behavior of the employees, such that the latter – ideally – act on behalf of their superior, this book takes a neutral stance. It focusses on explaining individual behavioral patterns and the resulting interactions between the actors in the firm by taking sociological, institutional, and above all, psychological research into consideration. In doing so, insights are gained which challenge many assertions economists take for granted.