Elizabeth Anderson Beyond Homo Economicus: New Developments in Theories of Social Norms (image via http://www-personal.umich.edu/~eandersn/norms.pdf)

Elizabeth Anderson – Beyond Homo Economicus: New Developments in Theories of Social Norms

“For more than a century, Homo economicus has exclusively populated the theoretical world of economics. This model of the rationally self-interested actor has also come to dominate substantial subfields of political science, sociology, law, and philosophy. However, many theorists doubt whether this model can explain most social phenomena unless it is supplemented with more socially sophisticated elements, such as so- cial and ethical values, altruism, and desires for social status. Among these theorists are Avner Ben-Ner and Louis Putterman, who have published the results of such supplementation by various contributors in Economics, Values, and Organization. The contributors ask: Why and when do people cooperate? How do social norms evolve? How do values and incentives interact and influence social organizations and market outcomes?

Continue Reading

Technological Discontinuities and Organizational Environments Michael L. Tushman; Philip Anderson (image via http://www.exed.hbs.edu/)

Michael Tushman & Philip Anderson – Technological Discontinuities and Organizational Environments

“Technology can be defined as those tools, devices, and knowledge that mediate between inputs and outputs (process technology) and/or that create new products or services (product technology) (Rosenberg, 1972). Technological change has an unequivocal impact on economic growth (Solow, 1957; Klein, 1984)and on the development of industries (Lawrence and Dyer, 1983).The impact of technology and technological change on environmental conditions is, however, less clear.

Continue Reading

Klaus Schwab World economic forum world competitiveness report (image via forumblog.org)

Klaus Schwab (WEF) – Global Competitiveness Report

“The Global Competitiveness Report 2013–2014 is being released at a time when the world economy is undergoing significant shifts. The global financial crisis and the ensuing developments have heightened the role of emerging economies in the global context.This has accelerated the major economic transformations already underway, which have fueled rapid growth and lifted millions of people out of poverty. Yet, although the global economy’s prospects are more positive than they were when we released last year’s Report, growth has begun to slow across many emerging economies, and advanced economies in Europe and elsewhere continue to struggle.

Continue Reading

Gina O'Connor the human side of radical innovation (image via grabbinglightning.com)

Colarelli O’Connor & McDermott – The Human Side of Radical Innovation

“Radical, breakthrough, discontinuous, step out, horizon 3, gamechanging innovation are all labels adopted in the academic literature and management practice to identify projects whose objectives are to create new to the world offerings and, concomitantly, whole new lines of business for companies. They are distinguished not only by the promise of reward they offer, which is not only large in scope and strategically important to the corporation in terms of organizational renewal, but also by the risk and uncertainty that accompanies their potential outcome.

Continue Reading

Taylor scientific management (image via en.wikipedia.org)

Frederick W. Taylor – The Principles of Scientific Management

“President Roosevelt, in his address to the Governors at the White House, prophetically remarked that “The conservation of our national resources is only preliminary to the larger question of national efficiency.” The whole country at once recognized the importance of conserving our material resources and a large movement has been started which will be effective in accomplishing this object.

Continue Reading

Habermas Reason and the rationalization of society (image via www.politipedia.pt)

Jürgen Habermas – Reason and the Rationalization of Society

“The rationality of beliefs and actions is a theme usually dealt with in philosophy. One could even say that philosophical thought originates in reflection on the reason embodied in cognition, speech, and action; and reason remains its basic theme. From the beginning philosophy has endeavored to explain the world as a whole, the unity in the multiplicity of appearances, with principles to be discovered in reason-and not in communication with a divinity beyond the world nor, strictly speaking, even in returning to the ground of a cosmos encompassing nature and society.

Continue Reading

Inequality and economic efficiency of society through the prism of thermodynamics (image by www.ima.umn.edu)

Ksenzhek & Petrova – Inequality and Economic Efficiency of Society through the Prism of Thermodynamics

“Inequality, when it refers to social problems, is a word which rather readily excites passions. During at least two centuries it remains a permanent matter of a great number of economic, sociological, and in some cases even political works. The phenomenon of inequality is perceived often almost as a synonym of ”injustice”. That is unjust, however, because since Adam Smith it is clear that inequality plays really the dual role. On the one hand, inequality is a mechanism of development, and on the other a standing source of poverty and social tensions. An ever-growing degree of inequality that accompanies rapid development of contemporary economy excites both the general public and experts in sociology and economy. Inequality in society has indeed two aspects: social and economic one. The former manifests itself in the difference of living standards of various social strata of society: the real disparity in housing conditions, in the accessibility of education, adequate medical care, legal protection, and the like. On the economic plane, inequality is expressed in the disparity of incomes.

Continue Reading

SchumpeterJoseph methological individualism (image via studentthinktank.eu)

Joseph Schumpeter – Methodological Individualism

Having disposed of the queries associated with the hypothesis of value and with the problem of human motivation, all we still need to prove is that our assumptions are based on the possession of wealth by the individual. This is bound to evoke some criticism because, in this day and age, tha validity of the individualistic concept is strongly queried.

Continue Reading

No more posts.