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Kenneth J. Arrow The Limits of Organization (Paperback)

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Item specifics

Condition
Brand New: A new, unread, unused book in perfect condition with no missing or damaged pages. See all condition definitionsopens in a new window or tab
Book Title
The Limits of Organization
EAN
9780393093230
Country/Region of Manufacture
US
ISBN-10
0393093239
ISBN
9780393093230
Genre
Business & Finance
Title
The Limits of Organization
Release Date
04/01/1974
Release Year
1974

About this product

Product Identifiers

Publisher
Norton & Company, Incorporated, w. w.
ISBN-10
0393093239
ISBN-13
9780393093230
eBay Product ID (ePID)
754539

Product Key Features

Number of Pages
88 Pages
Language
English
Publication Name
Limits of Organization
Subject
Organizational Behavior, General, Management, Economics / Theory
Publication Year
1974
Type
Textbook
Subject Area
Social Science, Business & Economics
Author
Kenneth J. Arrow
Format
Trade Paperback

Dimensions

Item Height
0 in
Item Weight
3.7 Oz
Item Length
0.8 in
Item Width
0.5 in

Additional Product Features

Intended Audience
College Audience
LCCN
74-190643
TitleLeading
The
Dewey Edition
23
Dewey Decimal
302.35
Synopsis
The tension between what we wish for and what we can get, between values and opportunities, exists even at the purely individual level. A hermit on a mountain may value warm clothing and yet be hard-pressed to make it from the leaves, bark, or skins he can find. But when many people are competing with each other for satisfaction of their wants, learning how to exploit what is available becomes more difficult. In this volume, Nobel Laureate Kenneth J. Arrow analyzes why - and how - human beings organize their common lives to overcome the basic economic problem: the allocation of scarce resources. The price system is one means of organizing society to mediate competition, and Arrow analyzes its successes and failures. Alternative modes of achieving efficient allocation of resources are explored: government, the internal organization of the firm, and the 'invisible institutions' of ethical and moral principles. Professor Arrow shows how these systems create channels to make decisions, and discusses the costs of information acquisition and retrieval. He investigates the factors determining which potential decision variables are recognized as such. Finally, he argues that organizations must achieve some balance between the power of the decision makers and their obligation to those who carry out their decisions - between authority and responsibility.
LC Classification Number
HM786.A7 1974

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