Previous Chapter Chapter 4: Organizations and the Economy Next Chapter

  • Citations
  • Add to My List
  • Text Size

Organizations and the Economy
Organizations and the economy

Many of us imagine that the market is a place that privileges economic efficiency above all else. Competition forces people and firms to act in a cold-blooded, profit-maximizing way. If they do not, eventually they or their firm will go bankrupt and be driven from the marketplace. And if the market embodies efficiency, then big bureaucracies seem to characterize just the opposite: ungainly, immobile, tied up in red tape, and weighed down with lots of organizational “fat.” Government bureaucracies in particular have a very bad reputation for too much red tape and paperwork; for incompetence, inflexibility, and overcentralization; and for housing too many anonymous, impersonal, and inefficient bureaucrats. Politicians justify proposals to privatize state-owned companies or to relinquish ...

Looks like you do not have access to this content.


Don’t know how to login?

Click here for free trial login.

Back to Top

Copy and paste the following HTML into your website