The Economics of Choice, Change and Organization

The Economics of Choice, Change and Organization
Author: Mie Augier
Publisher: Edward Elgar Publishing
Total Pages: 488
Release: 2002
Genre: Business & Economics
ISBN:

This collection of essays was commissioned for this volume in honour of the ideas and work of the late Richard M. Cyert who made a seminal contribution to the fields of industrial organization and change. In keeping with the range and significance of his work, the essays in this volume examine the economics of decision making, uncertainty, information processing, learning, evolution and organizational structure. Topics covered include: behavioural and evolutionary theories of the firm; cognitive factors in organization and economic action; the place of rules in organizations; learning from experience and from the knowledge of others; selection in economic change; and the impact of information technology and the evolution of organizational forms. The collection emphasizes the adaptive nature of economic action and the links between econmies and studies of human information processing and action. It should be interesting reading for scholars with an interest in behavioural and adaptive economics, along with industrial organization.

The Handbook of Organizational Economics

The Handbook of Organizational Economics
Author: Robert Gibbons
Publisher: Princeton University Press
Total Pages: 1248
Release: 2013
Genre: Business & Economics
ISBN: 0691132798

(E-book available via MyiLibrary) In even the most market-oriented economies, most economic transactions occur not in markets but inside managed organizations, particularly business firms. Organizational economics seeks to understand the nature and workings of such organizations and their impact on economic performance. The Handbook of Organizational Economics surveys the major theories, evidence, and methods used in the field. It displays the breadth of topics in organizational economics, including the roles of individuals and groups in organizations, organizational structures and processes, the boundaries of the firm, contracts between and within firms, and more.

The Economics of School Choice

The Economics of School Choice
Author: Caroline M. Hoxby
Publisher: University of Chicago Press
Total Pages: 367
Release: 2007-11-01
Genre: Education
ISBN: 0226355349

Now that the U.S. Supreme Court has declared school voucher programs constitutional, the many unanswered questions concerning the potential effects of school choice will become especially pressing. Contributors to this volume draw on state-of-the-art economic methods to answer some of these questions, investigating the ways in which school choice affects a wide range of issues. Combining the results of empirical research with analyses of the basic economic forces underlying local education markets, The Economics of School Choice presents evidence concerning the impact of school choice on student achievement, school productivity, teachers, and special education. It also tackles difficult questions such as whether school choice affects where people decide to live and how choice can be integrated into a system of school financing that gives children from different backgrounds equal access to resources. Contributors discuss the latest findings on Florida's school choice program as well as voucher programs and charter schools in several other states. The resulting volume not only reveals the promise of school choice, but examines its pitfalls as well, showing how programs can be designed that exploit the idea's potential but avoid its worst effects. With school choice programs gradually becoming both more possible and more popular, this book stands out as an essential exploration of the effects such programs will have, and a necessary resource for anyone interested in the idea of school choice.

The Economics of Organization

The Economics of Organization
Author: James D. Hess
Publisher: Elsevier
Total Pages: 293
Release: 2014-07-22
Genre: Business & Economics
ISBN: 1483256898

Advanced Textbooks in Economics, Volume 21: The Economics of Organization focuses on the processes, methodologies, and approaches involved in the study of various topics in economics, mathematical economics, and econometrics. The publication first ponders on the general resource allocation problem, particularly noting that a theory of resource allocation is formed by studying the deliberate and purposeful choices of individuals to provide a model for human behavior in the economic realm. The theory of exchange emphasizes that coordination and equilibrium must be formed to explain social linkages. The text then explains market allocation, and a number of propositions are discussed to show the dynamics of this field. The manuscript elaborates on transaction costs, markets and uncertainty, and behavior in the face of uncertainty. The publication also takes a look at the terms of authority, measuring of information, value of communication in teams, cost of communication, and budget planning. The formal organization of decision-making, hierarchical supervision and loss of control, alternative requirements of formal organization, and expedience and incentives are also underscored. The text is a valuable reference for researchers interested in the economics of organization.

An Evolutionary Theory of Economic Change

An Evolutionary Theory of Economic Change
Author: Richard R. Nelson
Publisher: Harvard University Press
Total Pages: 456
Release: 1985-10-15
Genre: Business & Economics
ISBN: 9780674041431

This book contains the most sustained and serious attack on mainstream, neoclassical economics in more than forty years. Nelson and Winter focus their critique on the basic question of how firms and industries change overtime. They marshal significant objections to the fundamental neoclassical assumptions of profit maximization and market equilibrium, which they find ineffective in the analysis of technological innovation and the dynamics of competition among firms. To replace these assumptions, they borrow from biology the concept of natural selection to construct a precise and detailed evolutionary theory of business behavior. They grant that films are motivated by profit and engage in search for ways of improving profits, but they do not consider them to be profit maximizing. Likewise, they emphasize the tendency for the more profitable firms to drive the less profitable ones out of business, but they do not focus their analysis on hypothetical states of industry equilibrium. The results of their new paradigm and analytical framework are impressive. Not only have they been able to develop more coherent and powerful models of competitive firm dynamics under conditions of growth and technological change, but their approach is compatible with findings in psychology and other social sciences. Finally, their work has important implications for welfare economics and for government policy toward industry.

The Paradox of Choice

The Paradox of Choice
Author: Barry Schwartz
Publisher: Harper Collins
Total Pages: 308
Release: 2009-10-13
Genre: Psychology
ISBN: 0061748994

Whether we're buying a pair of jeans, ordering a cup of coffee, selecting a long-distance carrier, applying to college, choosing a doctor, or setting up a 401(k), everyday decisions—both big and small—have become increasingly complex due to the overwhelming abundance of choice with which we are presented. As Americans, we assume that more choice means better options and greater satisfaction. But beware of excessive choice: choice overload can make you question the decisions you make before you even make them, it can set you up for unrealistically high expectations, and it can make you blame yourself for any and all failures. In the long run, this can lead to decision-making paralysis, anxiety, and perpetual stress. And, in a culture that tells us that there is no excuse for falling short of perfection when your options are limitless, too much choice can lead to clinical depression. In The Paradox of Choice, Barry Schwartz explains at what point choice—the hallmark of individual freedom and self-determination that we so cherish—becomes detrimental to our psychological and emotional well-being. In accessible, engaging, and anecdotal prose, Schwartz shows how the dramatic explosion in choice—from the mundane to the profound challenges of balancing career, family, and individual needs—has paradoxically become a problem instead of a solution. Schwartz also shows how our obsession with choice encourages us to seek that which makes us feel worse. By synthesizing current research in the social sciences, Schwartz makes the counter intuitive case that eliminating choices can greatly reduce the stress, anxiety, and busyness of our lives. He offers eleven practical steps on how to limit choices to a manageable number, have the discipline to focus on those that are important and ignore the rest, and ultimately derive greater satisfaction from the choices you have to make.

Choosing Change: How Leaders and Organizations Drive Results One Person at a Time

Choosing Change: How Leaders and Organizations Drive Results One Person at a Time
Author: Walter McFarland
Publisher: McGraw Hill Professional
Total Pages: 258
Release: 2013-11-18
Genre: Business & Economics
ISBN: 0071816240

A Soundview Executive Summaries Best Business Book of 2014 and a Silver Medalist in the Axiom Business Book Awards! If there's one certainty in business today, it's this: Change is coming your way. You have no choice in the matter. The choice you do have is either to embrace it or bury your head in the sand. In Choosing Change, ASTD Chairman Walter McFarland and leadership executive coach Susan Goldsworthy offer a proven new model for not just facing inevitable change--but leveraging it as a tool for long-term success. The first step is personal: You must decide that you are going to change; only then can you lead change. From there, the authors present the tactics and strategies you need to compete today. Organized into two thematic sections, Choosing Change takes you step-by-step through the authors' dynamic model for leading any company to success. Part I explains how to apply the newest research findings in psychology, neuroscience, and executive development to implement change in yourself. Part II focuses on organizational theory, management, and organizational learning, showing you how to integrate change into your organizational DNA. Each section makes the process easy to understand by breaking it down into the Five Ds: Disruption: An experience or event that triggers a conscious choice to change Desire: Committing to goals and deciding upon the change necessary to meet them Discipline: Consistently taking steps that build the momentum required for sustainable change Determination: Developing the resilience to focus and deliver even when faced with setbacks Development: Establishing a system for continuous improvement, feedback, and ongoing learning If you want to survive and flourish in today's business world, you must be prepared to adapt to changing marketplace circumstances. Sudden changes in markets, society, and the economy have ruined industryleading companies overnight--because they weren't change-focused. Don't be one of them. Lead yourself and your organization to the top--and stay there--by Choosing Change. PRAISE FOR CHOOSING CHANGE: "The most essential talent for successful leaders will be having the capacity for conscious evolution — changing themselves and their organizations for the better. Susan and Walt introduce a fascinating multidisciplinary approach for developing this capacity. If you aspire to be part of the solution, this book can help, big time!" -- Richard Olivier, Artistic Director, Olivier Mythodrama, author of Inspirational Leadership "How do you respond to change and disruption? Ignore it? Resist it? React to it? Embrace it? Or create it? Choosing Change will help you find your choice point — and when you see and use it you will quickly be able to escape the habits of the past and build for the future." -- Daniel Denison, Professor of Management and Organization, IMD Business School, Chairman, Denison Consulting LLC , author of the Denison Organizational Culture Survey and the Denison Leadership Development Surveys "The only way to succeed today is to change before you need to. Goldsworthy and McFarland draw from over 60 of today's most successful leaders to create an unprecedented road map on exactly how to change before it's too late." -- Marshall Goldsmith, author of the New York Times bestsellers MOJO and What Got You Here Won't Get You There, Thinkers50 Award Winner for Most-Influential Leadership Thinker in the World "An outstanding contribution to the literature on leadership and change. In fact, their focus on both is unique. I recommend Choosing Change highly." -- Michael Watkins, international bestselling author of The First 90 Days, cofounder of Genesis Advisers, Professor IMD Business School "Change. Or be changed. This amazing book takes a deep dive into helping leaders create new possibilities -- for themselves and for their entire organizations." -- Patrick Sweeney, President of Caliper, coauthor of the New York Times bestseller Succeed on Your Own Terms "There were good books about personal change and good books about organizational change. Choosing Change is a great book linking the two domains and giving you the tools you need to succeed on both fronts." -- Jean-Francois Manzoni, Shell Chaired Professor of Human Resources and Organisational Development and Professor of Management Practice, INSE AD, author of the award-winning The Set-Up to Fail Syndrome “Goldsworthy and McFarland’s five principles make it easy to integrate change into your organization's DNA. The foundational knowledge in this book is critical for those who hope to successfully lead their organizations into the future.” -- T+D Magazine “A must-read!” -- People & Strategy

Policy and Choice

Policy and Choice
Author: William J. Congdon
Publisher: Brookings Institution Press
Total Pages: 260
Release: 2011
Genre: Business & Economics
ISBN: 0815704984

Argues that public finance--the study of the government's role in economics--should incorporate principles from behavior economics and other branches of psychology.

Understanding Industrial and Corporate Change

Understanding Industrial and Corporate Change
Author: Giovanni Dosi
Publisher: OUP Oxford
Total Pages: 440
Release: 2004-09-30
Genre: Business & Economics
ISBN: 0191533459

Understanding Industrial and Corporate Change contains pioneering work on technological, organizational, and institutional change from leading theorists and practitioners such as Joseph Stiglitz, Oliver Williamson, Masahiko Aoki, Alfred D. Chandler Jr., and Sidney Winter. Trans-disciplinary in its approach, the book explores three distinct themes: Markets and Organizations; Evolutionary Theory and Technological Change; and Strategy, Capabilities, and Knowledge Management. The chapters are drawn from the journal Industrial and Corporate Change, reflecting the diverse contributions it has published since 1992 in such areas as business history, industrial organization, strategic management, organizational theory, innovation studies, organizational behavior, economics, political science, social psychology, and sociology. Understanding Industrial and Corporate Change provides an accessible account of recent research and theory on technological, organizational, and institutional change for academics and advanced students of Business and Management, Organization Theory, Technology and Innovation Studies, and Industrial Economics.