Economic Approaches to Organizations

Rating:
Summary: Clear explanations, a great book!
Review: This book covers the different economic approaches to organizations, such as behavioral theory, agency theory, transaction cost economics, economic contributions to strategic management and evolutionary theory. It's a great, not too technical economic work. This book assumes no previous knowledge of economics, which makes it ideal for students. It is backed up by clear examples from day-to-day business life. The only minor point to this work is its rather dull outlook. Still, I would recommend it!

Rating:
Summary: Business Approaches to Organizations
Review: This is a collection of theories from the business literature about the behavior of people in organizations and the organizational forms it engenders. In addition, a gentle introduction to economic concepts from choice theory and game theory is given. The book does not really achieve a synthesis of the different ideas presented, even though the authors attempt to tie the approaches together in the chapter introductions and the (weak) conclusion. Deeper insights are perhaps not possible at this level of presentation. Redeeming features are the clear and readable exposition of each theory, and the well-chosen examples. The book works well as an initial primer for economists about business research on organizations and strategic management. For this purpose, I would recommend it, since the coverage is fairly complete and, though not formal, cogent and to-the-point.