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Epistemic Economics and Organization Anna Grandori

Epistemic Economics and Organization By Anna Grandori

Epistemic Economics and Organization by Anna Grandori


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Summary

The book integrates inputs from behavioural science with insights and models from the philosophy of knowledge and of economics to consider the problem of valid knowledge construction and effective knowledge governance in the modern economy.

Epistemic Economics and Organization Summary

Epistemic Economics and Organization: Forms of Rationality and Governance for a Wiser Economy by Anna Grandori

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.

Epistemic Economics and Organization Reviews

'In this thought-provoking book, Anna Grandori takes on fundamental questions regarding our understanding of economic rationality and the governance of institutions in society. In much needed fashion, her inspiring analysis succeeds in providing profound criticism of received wisdom, as well as devising constructive theoretical alternatives. A book little in format, big in conception!' Fredrik Tell, Professor in Management, Linkoping University, Sweden

About Anna Grandori

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

Table of Contents

Introduction Part I. Microeconomic foundations: from bounded to epistemic rationality Part II. Contracts and the firm beyond transactions: the governance of knowledge and association Part III Organization design beyond comparative assessment: the discovery of forms and forms for discovery Conclusion

Additional information

NPB9780415575652
9780415575652
0415575656
Epistemic Economics and Organization: Forms of Rationality and Governance for a Wiser Economy by Anna Grandori
New
Hardback
Taylor & Francis Ltd
2013-02-25
168
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
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Customer Reviews - Epistemic Economics and Organization