Re:Beware Centralization
by crabmusket on Sunday October 03, 2021 @09:30AM
(#28737025)
Some leads for you:
- Ronald Coase's "islands of conscious power"
- Herbert Simon "Organizations and Markets"
- Both of which I discovered via "The People’s Republic of Walmart" by Leigh Phillips and Michal Rozworski
A quote from Simon:
"The economies of modern industrialized society can more appropriately be labeled organizational economies than market economies. Thus, even market-driven capitalist economies need a theory of organizations as much as they need a theory of markets. The attempts of the new institutional economics to explain organizational behavior solely in terms of agency, asymmetric information, transaction costs, opportunism, and other concepts drawn from neo-classical economics ignore key organizational mechanisms like authority, identification, and coordination, and hence are seriously incomplete."
- Ronald Coase's "islands of conscious power"
- Herbert Simon "Organizations and Markets"
- Both of which I discovered via "The People’s Republic of Walmart" by Leigh Phillips and Michal Rozworski
A quote from Simon:
"The economies of modern industrialized society can more appropriately be labeled organizational economies than market economies. Thus, even market-driven capitalist economies need a theory of organizations as much as they need a theory of markets. The attempts of the new institutional economics to explain organizational behavior solely in terms of agency, asymmetric information, transaction costs, opportunism, and other concepts drawn from neo-classical economics ignore key organizational mechanisms like authority, identification, and coordination, and hence are seriously incomplete."