Abstract

Organizational economics (OE) is purported to offer a potential revolution in organization theory. This paper assesses the value of organizational economics for organization theorists. The conclusions are that OE is useful in extending theory building and empirical research in organization theory, but for OE to realize its full potential, it must draw upon organization theory to refine theory building and expand its scope.

Keywords

Organizational theoryOrganizational behaviorManagementSociologyOrganizational effectivenessEconomicsNeoclassical economicsPositive economics

Affiliated Institutions

Related Publications

Institutions and organizations

Institutions—the structures, practices, and meanings that define what people and organizations think, do, and aspire to—are created through process. They are “work in progress” ...

1995 Choice Reviews Online 8140 citations

Publication Info

Year
1990
Type
article
Volume
15
Issue
3
Pages
402-420
Citations
98
Access
Closed

External Links

Social Impact

Social media, news, blog, policy document mentions

Citation Metrics

98
OpenAlex

Cite This

William S. Hesterly, Julia Porter Liebeskind, Todd Zenger (1990). Organizational Economics: An Impending Revolution in Organization Theory?. Academy of Management Review , 15 (3) , 402-420. https://doi.org/10.5465/amr.1990.4308822

Identifiers

DOI
10.5465/amr.1990.4308822