The Economics of Change, Choice and Organization: Essays in Memory of Richard M. Cyert

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Augier (post-doctoral fellow, Stanford U.) and March (professor emeritus, Stanford U.) present 20 essays that explore the impact of Richard Cyert (1921-1998) on the field of economics and engage in some of the core concerns of his career. Some essays look at the economics of choice and consider the theory of the firm. Others deal with information and the cognitive basis of action, with a particular emphasis on behavioral considerations. Also considered are the economics of change as influenced by learning in organizations and the evolution of populations of organizations. Finally the economics of organization and the organizational structure of firms are discussed. Annotation c. Book News, Inc.,Portland, OR
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Product Details

  • ISBN-13: 9781840643213
  • Publisher: Elgar, Edward Publishing, Inc.
  • Publication date: 9/1/2002
  • Pages: 480
  • Product dimensions: 6.80 (w) x 9.60 (h) x 1.30 (d)

Table of Contents

List of figures
List of tables
List of contributors
1 Introduction Richard M. Cyert: the work and the legacy 1
2 The behavioral theory of the firm in action 27
3 Corporate governance, executive compensation and the theory of the firm 48
4 Dynamic capabilities, competence and the behavioral theory of the firm 81
5 Auditing and accounting: impacts and aftermaths of R. M. Cyert's research in statistical sampling 99
6 Biases in organizational behavior 109
7 The organizational basis of cognition and the cognitive basis of organization 147
8 The accuracy of managers' perceptions: a dimension missing from theories about firms 168
9 Interorganizational learning and network organization: toward a behavioral theory of the interfirm 191
10 Adapting, learning, economizing and economic evolution 219
11 Organizational learning through rule adaptation: from the behavioral theory to transactive organizational learning 237
12 Cognition and models of adaptive learning 259
13 The relative standing of routines: some jobs are more equal than others 273
14 The role of adaptation and targets in organizational learning 304
15 The resource-based view of strategy: a behaviorist critique 319
16 Interpreting economic change: evolution, structures and games 337
17 A behavioral and evolutionary model of the dynamics of the computer industry 354
18 Information, organizational structure and firm strategy 387
19 Organization theory in the age of computers and electronic communication networks 404
20 Empirical microeconomics: another perspective 419
Index 443
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