Organizational Economics (3rd Edition)

Author: (Dutch) Du Ma, (Dutch) Sraide, translated by Yuan Lei et al.
Publisher:
Publish Date: 2006-01-01
Features: This book is a fundamental textbook for the field of organizational management. It can be said that there has been a significant amount of research on corporate organizations from an economic perspective both domestically and internationally, accumulating a considerable body of literature. However, synthesizing this research into a specific framework and writing a comprehensive and accessible textbook is not an easy task. This book serves as an outstanding example. Corporate organization has always been a key subject of study in management research, with the development of organizational theory progressing through three stages: classical organizational theory, neoclassical organizational theory, and modern organizational theory. To date, there are countless books on corporate organization management, most of which draw on research findings from sociology, psychology, and political science to study corporate organizations from a management perspective. In recent years, research on corporate organizations from an economic perspective has gained increasing attention. In 1986, Barney and H. Chandler explicitly proposed the concept of "organizational economics" in their book Organizational Economics: A New Paradigm for Understanding and Studying Organizations, to illustrate the contributions of economics to organizational theory. The contributions of economics to organizational theory primarily include three aspects: one is the agency theory of Jensen and Meckling; another is the transaction cost theory of Coase and Williamson; and another is Porter's comparative advantage theory proposed in 1985. The research in this book clearly extends beyond these three fields and incorporates theories such as corporate behavior theory, industrial organization theory, game theory, and organizational evolution theory into the contributions and scope of economics to organizational theory. It systematically addresses questions such as "What is an organization?", "Why do organizations exist?", and "What factors influence organizational operations?", providing a well-defined and explained framework for the discipline of organizational economics. It also conducts rigorous and valuable exploration into the application of economic methods in organizational management.