Application of Organizational Economics in Organizational Management
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Organizational economics is a new theoretical paradigm which applies the analytical tools of economics to the field of management and has made remarkable achievements. However, the origin of organizational economics determines its dual disciplinary nature: on the one hand, it inherits the liberal tradition; On the other hand, it focuses on the management behavior of the “visible hand”. This nature also leads to various contradictions and conflicts in the field of management of organizational economics. This paper focuses on the analysis of the three aspects of problems arising from the different analytical levels between individualism and systematism, the narrow behavior hypothesis and the negative moral evaluation of human nature.
Organizational economics; Transaction cost; Theory paradigm