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The Modern Firm: Towards A New Paradigm

"Institutionelle und Evolutorische Ökonomik"  · volume 42

351 pages ·  38.00 EUR (incl. VAT and Free shipping)
ISBN 978-3-89518-932-6 (24. Oktober 2012 )

 
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In The Modern Firm: Towards A New Paradigm the author introduces central components crucial for a novel understanding of the theory and practice of the firm. He argues that established approaches are rooted in the malfunctioning amalgam of methodological individualism in combination with its core organizational template, the principal-agent hierarchy (why is the firm a dictatorship and not a market?) The hierarchy, in turn, presupposes that the human condition is sufficiently captured by exclusively natural selfishness as well as the extrinsicness of both creativity and the motivation to be productive. In contrast, the author suggests a naturalistic, biomimicry-inspired imagination of the firm that utilizes process philosophy as well as the self-organization format of natural multi-agent systems. The author further reasons that the conditio humana is characterized by a spectrum of genetically manifested traits including self-interest as well as, importantly, altruistic helping, cooperation, collaboration, together with a sense of fairness. This is completed by evidence that strongly suggests that human agents are intrinsically creative as well as motivated. In combination, these and other features such as treating the firm as an open system, have the potential to contribute to a paradigmatic shift in both the theory and practice of the firm.


the author
Dr. Patrick Holz
Patrick Holz hat Volkswirtschaftslehre (Economics) an der University of Cambridge studiert. Nach diversen start-up Vorhaben sowie fortdauernden beratenden Funktionen in einem mittelständischen Unternehmen hat er an der Universität Witten-Herdecke, betreut von Prof. Dr. Carsten Herrmann-Pillath, im Februar 2012 promoviert.
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