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Economics, Organization and Management
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Binding: Hardcover
Dewey Decimal Number: 338.5024658
EAN: 9780132246507
Edition: US Ed
ISBN: 0132246503
Label: Prentice Hall
Manufacturer: Prentice Hall
Number Of Items: 1
Number Of Pages: 600
Publication Date: February 11, 1992
Publisher: Prentice Hall
Studio: Prentice Hall
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Editorial Review: 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. KEY TOPICS: 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
Average Rating: 
Rating:  - Over Amitious
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 ... Read More
Rating:  - Interesting and still relevant text on business economics
Paul Milgrom and John Roberts are big name professors at Stanford. You know they are big name because on the cover of the book their names are bigger than the title. That's sort of the definition, right?
Seriously, this is a very fine book. Even though it is a dozen years old and much has happened in the theories of organization, compensation, and incentives, the information in this book remains valuable. The book has 17 chapters organized in 7 parts. They are:
1)Does ... Read More
Rating: - A textbook on the firm.
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, ... Read More
Rating: - Possibly the best applied economics text ever.
Bluntly, this is the best university text in economics written in the 1990s. This may also be the best university text in useful economics ever written. You will learn a great deal about getting incentives right, about corporate governance, and about the labor market for managers. Its only flaw is that it overlooks the fact that the tools it teaches, and the arguments it lays out, can be used to formulate a powerful critique of government as well as of the modern corporation.
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