Inside the capitalist firm : an evolutionary theory of the principal agent-relation

  • This book deals with the inner life of the capitalist firm. There we find numerous conflicts, the most important of which concerns the individual employment relationship which is understood as a principal-agent problem between the manager, the principal, who issues orders that are to be followed by the employee, the agent. Whereas economic theory traditionally analyses this relationship from a (normative) perspective of the firm in order to support the manager in finding ways to influence the behavior of the employees, such that the latter – ideally – act on behalf of their superior, this book takes a neutral stance. It focusses on explaining individual behavioral patterns and the resulting interactions between the actors in the firm by taking sociological, institutional, and above all, psychological research into consideration. In doing so, insights are gained which challenge many assertions economists take for granted.

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Author details:Malcolm H. DunnGND
Publication series (Volume number):Potsdam Economic Studies (1)
Publisher:Universitätsverlag Potsdam
Place of publishing:Potsdam
Publication type:Monograph/Edited Volume
Year of first publication:2013
Publication year:2013
Publishing institution:Universität Potsdam
Release date:2013/12/13
Tag:Principal agent relation; conflict management; evolutionary economics; firm behaviour; transaction costs
Number of pages:xxii, 358
RVK - Regensburg classification:QP 342 ; QC 100 ; QC 131
Organizational units:Wirtschafts- und Sozialwissenschaftliche Fakultät / Wirtschaftswissenschaften
DDC classification:3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft
Publishing method:Universitätsverlag Potsdam
License (German):License LogoKeine öffentliche Lizenz: Unter Urheberrechtsschutz
External remark:JEL-Klassifikation: D21 , D23 , L2
In Printform erschienen im Universitätsverlag Potsdam:

Dunn, Malcolm:
Inside the capitalist firm : an evolutionary theory of the principal agent-relation / Malcolm Dunn. – Potsdam : Universitätsverlag Potsdam, 2013. – xxii, 358 S. : graph. Darst.
(Potsdam Economic Studies ; 1)
ISSN (print) 2196-8691
ISSN (online) 2196-9302
ISBN 978-3-86956-247-6
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