Showing 1 - 10 of 52
Persistent link: https://www.econbiz.de/10009735668
Persistent link: https://www.econbiz.de/10002388262
In his seminal 1945 essay Hayek argued that the dispersed nature of much commercially relevant knowledge places strong … efficient use of such knowledge (the first Hayekian knowledge problem). He realized that firms, because they make use of … authority, are also challenged by dispersed knowledge, and his emphasis on delegation as a response to dispersed knowledge may …
Persistent link: https://www.econbiz.de/10012724649
This article revisits the socioeconomic theory of the Austrian School economist Ludwig M. Lachmann. By showing that the common claim that Lachmann's idiosyncratic (i.e., eclectic and multidisciplinary) approach to economics entails nihilism is unfounded, it reaches the following conclusions. (1)...
Persistent link: https://www.econbiz.de/10012716493
Persistent link: https://www.econbiz.de/10011595512
The paper revisits the socioeconomic theory of the Austrian School economist Ludwig M. Lachmann. By showing that the common claim that Lachmann's idiosyncratic (read: eclectic and multidisciplinary) approach to economics entails nihilism is unfounded, it reaches the following conclusions. (1)...
Persistent link: https://www.econbiz.de/10014051184
Persistent link: https://www.econbiz.de/10003861689
Organizational scholars have recently argued that economic theories and assumptions have adversely shaped management practice and human behavior, leading not only to the incorporation of trust-eroding market-mechanisms into organizations but also unnecessarily creating self-interested behavior....
Persistent link: https://www.econbiz.de/10012720542
Persistent link: https://www.econbiz.de/10009787608
Persistent link: https://www.econbiz.de/10003770103