Epistemic Economics and Organization

Forms of Rationality and Governance for a Wiser Economy

By:

Anna Grandori

Format:

Paperback / softback

Series:

Routledge Studies in Global Competition

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Description

This book proposes a new approach to economics, management and organization that should help in making economic organization ‘wise’, ‘innovative’ and ‘robust’ in an uncertain and risky world. Although the modern economy and society is ‘knowledge intensive’, Anna Grandori argues that the dominant economic, organizational and behavioural models neglect to a large extent the problem of valid knowledge construction and effective knowledge governance. The book integrates inputs from economics and behavioural science with insights from the philosophy of knowledge to define new micro-foundations: neither a calculative, deductive and omniscient ‘rational actor’; nor an experiential, adaptive and biased ‘behavioural actor’; but a knowledgeable and imaginative ‘epistemic actor’. The implications for contracts and organizations, sustained also by insights from law, are shown to be far reaching, including a new view of the nature of the firm as an entity-establishing agreement under which to discover uses of resources under uncertainty, and as a democratic institution.

Author Biography:

Anna Grandori is Professor of Business Organization at Bocconi University, Italy.

Release date NZ

March 4th, 2015

Author

Anna Grandori

Audience

Tertiary Education (US: College)

Illustrations

8 Tables, black and white; 4 Line drawings, black and white; 4 Illustrations, black and white

Pages

156

Series

Routledge Studies in Global Competition

Dimensions

156x234x9

ISBN-13

9781138906112

Product ID

23499791

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