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Economics, Organization and Management Paperback – February 11, 1992

ISBN-13: 978-0132246507 ISBN-10: 0132246503 Edition: 1st

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Product Details

  • Paperback: 621 pages
  • Publisher: Prentice Hall; 1 edition (February 11, 1992)
  • Language: English
  • ISBN-10: 0132246503
  • ISBN-13: 978-0132246507
  • Product Dimensions: 8 x 1.4 x 9.7 inches
  • Shipping Weight: 3.1 pounds (View shipping rates and policies)
  • Average Customer Review: 4.1 out of 5 stars  See all reviews (7 customer reviews)
  • Amazon Best Sellers Rank: #111,787 in Books (See Top 100 in Books)

Editorial Reviews

From the Publisher

A systematic treatment of the economics of the modern firm, this book draws on the insights of a variety of areas in modern economics and other disciplines, but presents a coherent, consistent, innovative treatment of the central problems in organizations of motivating people and coordinating their activities.

From the Back Cover

A systematic treatment of the economics of the modern firm, this book draws on the insights of a variety of areas in modern economics and other disciplines, but presents a coherent, consistent, innovative treatment of the central problems in organizations of motivating people and coordinating their activities. Introduces the fundamental problems organizations encounter and explains why they occur. Discusses a number of patterns of response — showing why organizations are structured as they are, why they adopt the policies they do, and how they solve organizational problems themselves.

Customer Reviews

4.1 out of 5 stars
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Most Helpful Customer Reviews

14 of 14 people found the following review helpful By Suckwoo Lee on June 24, 2002
Format: Paperback
This book is probably the first textbook on economics of organization. Since published in 1992, it has been widely used in classes. The main framework of the book lies in the conception of the firm as a system of incentive/coordination to allocate efficiently resources. So this book is an extension of neoclassical approach to the area of organization, though such concepts like bounded rationality and transaction cost are incorporated deeply into the architecture of the book. Unlike usual textbooks, this book has the overarching coherence with theoretical depth over various subjects like centralized/decentralized organization, moral hazard, rent, ownership, human resource management, investment, corporate governance. Such consistency is possible for its theoretical position: neoclassical approach. In that stance, the actor is motivated in its rational calculation, in other word incentive, although it¡¯s bounded in terms of information. How to organize such actor into an organization is the problem of coordination in the theory of the firm. Such an approach was widely adopted in the 1980s. But these days, resources/capabilities approach and evolutionary economics dominate the discourse on the firm. Capabilities, resources, dynamic capabilities, organizational learning, routine, tacit knowledge, knowledge creation, those are buzzwords to date. If you are to be specialized in the theory of the firm, this book should be read. But if not, I recommend Besanko, Dranove, and Shanley¡¯s ¡®Economics of Strategy¡¯. It takes trendy approach and that, it explains each subject with live examples from business world.
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6 of 6 people found the following review helpful By G. S. Pita on November 20, 2008
Format: Paperback
The book delivered by Amazon.com looks like a photocopied book, not a printed one. Paper quality is the worst. It's totally incompatible with the US$ 140 price.

It should be out-of-print or something and then Prentice-Hall found it cheaper to photocopy and bind it, rather then issuing a new edition. Amazon.com should let customers know this in advance.

The book content is great as the other reviewers have said, but I'm about to see a book with worse print quality than the one Amazon sent me.

I wish I have bought a used book, printed 15 years ago, for US$ 40.
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3 of 4 people found the following review helpful By John Orford on September 8, 2005
Format: Paperback
While I really love this book (have studied it in detail from cover to cover) it tries to do too much.

It covers the CAPM model for example, but doesn't go into enough detail so that a reader can really get a good grasp of the model. Also, it shies away from using proper mathematical analysis of some models (as with many other American textbooks) which will give a naive reader a false sense of security.

Otherwise a great book, it's breadth and readability is excellent - would love an update sometime :)
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By Rodrigo on February 1, 2013
Format: Paperback Verified Purchase
This book is vast and profound. It is not so simple to be read nor fast, but it is worth. The analyses on this book are deep and in some cases unusual. This book is definitely a must "read".
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