{"product_id":"managerial-dilemmas-the-political-economy-of-hierarchy-hardback-9780521372817","title":"Managerial Dilemmas; The Political Economy of Hierarchy (Hardback) 9780521372817","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eManagerial Dilemmas\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eThe Political Economy of Hierarchy\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cem\u003eManagerial Dilemmas extends the use of analytical techniques from organisational economics to the spheres of organisational culture and leadership in politics and business.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eGary J. Miller (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780521372817, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 31 January 1992\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e274 pages, 3 b\/w illus.  15 tables\u003cbr\u003e23.7 x 15.9 x 2.2 cm, 0.545 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e'Interesting reading that is sure to raise new questions.' International Review of  Anthropology and Linguistics\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eIn organisation theory a schism has developed between the traditional organisational behaviour literature, based in psychology, sociology and political science, and the more analytically rigorous field of organisational economics. The former stresses the importance of managerial leadership and cooperation among employees, while the latter focuses on the engineering of incentive systems that will induce efficiency and profitability, by rewarding worker self-interest. In this innovative book, Gary Miller bridges the gap between these literatures. He demonstrates that it is impossible to design an incentive system based on self-interest that will effectively discipline all subordinates and superiors and obviate or overcome the roles of political conflict, collective action, and leadership in an organisation. Applying game theory to the analysis of the roles of cooperation and political leadership in organisational hierarchies, he concludes that the organisation whose managers can inspire cooperation and the transcendence of short-term interest in its employees enjoys a competitive advantage.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eList of tables and figures\u003cbr\u003e Series editors' preface\u003cbr\u003e Acknowledgements\u003cbr\u003e Part I. Why Have Hierarchy?: 1. Market failures and hierarchical solutions: the tension between individual and social rationality\u003cbr\u003e 2. Bargaining failure: coordination, bargaining, and contracts\u003cbr\u003e 3. Voting failure: social choice in a dictatorial hierarchy\u003cbr\u003e Part II. Managerial Dilemmas: 4. Horizontal dilemmas: social choice in a decentralised hierarchy\u003cbr\u003e 5. Vertical dilemmas: piece-rate incentives and credible commitments\u003cbr\u003e 6. Hidden action in hierarchies: principals, agents, and teams\u003cbr\u003e 7. Hidden information in hierarchies: the logical limits of mechanism design\u003cbr\u003e 8. Hierarchical failures and market solutions: can competition create efficient incentives for managers? Part III. Cooperation and Leadership: 9. The possibilities of cooperation: repeated vertical dilemmas\u003cbr\u003e 10. The indeterminacy of cooperation: conventions, culture, and commitments\u003cbr\u003e 11. The political economy of hierarchy: commitment, leadership and property rights\u003cbr\u003e Epilogue: politics, rationality, and efficiency\u003cbr\u003e References\u003cbr\u003e Name index\u003cbr\u003e Subject index.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Political economy [\u003ca title=\"See our other books on Political economy\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Political%20economy%20%5BKCP%5D%22\"\u003eKCP\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":46007148118296,"sku":"9780521372817","price":76.39,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/products\/9780521372817i_1b551ebd-a2d8-4e55-a6bb-91a816b7feb1.jpg?v=1691375983","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/managerial-dilemmas-the-political-economy-of-hierarchy-hardback-9780521372817","provider":"Freshly Printed Books","version":"1.0","type":"link"}