X-Theory versus Management Discretion Theory

X-Theory versus Management Discretion Theory

During the past thirty years the profit maximisation assumption of NeoClassical economic theory has been attacked both on grounds of intrinsic unrealism and on grounds of the predictive inadequacies of theories which incorporate it as a generating assumption. It is now widely accepted that the assum...

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Veröffentlicht in:Southern economic journal 1971-10, Vol.38 (2), p.173-184
Hauptverfasser: Crew, M. A., Jones-Lee, M. W., Rowley, C. K.
Format: Artikel
Sprache:eng
Schlagworte:
Business forms management
Cost efficiency
Decision making
Discretionary power
Economic theory
Expenditures
Lump sum taxation
Management principles
Marginal costs
Operations management
Police services
Profit maximizing condition
Profitability theory
Profits
Realism
Success
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Beschreibung
Zusammenfassung:During the past thirty years the profit maximisation assumption of NeoClassical economic theory has been attacked both on grounds of intrinsic unrealism and on grounds of the predictive inadequacies of theories which incorporate it as a generating assumption. It is now widely accepted that the assumption breaks down in all but...
ISSN:0038-4038
2325-8012
DOI:10.2307/1056828