Abstract

In this chapter, I explore how an economic theorist might explain or model a concept such as corporate culture. While the theoretical construction that is given is far from inclusive (which is to say that many aspects of corporate culture are not covered), I conclude that economic theory is moving in the direction of what seems a reasonable story. But before that story can be considered told, we must employ tools that are currently missing from the economist's tool kit. In particular, we require a framework for dealing with the unforeseen.

Keywords

Organizational culturePositive economicsNeoclassical economicsSociologyEpistemologyEconomic systemEconomicsManagementPhilosophy

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Publication Info

Year
1990
Type
book-chapter
Pages
90-143
Citations
2120
Access
Closed

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David M. Kreps (1990). Corporate culture and economic theory. Cambridge University Press eBooks , 90-143. https://doi.org/10.1017/cbo9780511571657.006

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DOI
10.1017/cbo9780511571657.006