Organizations, individualism and economic theory

1. Introduction -- 2. Markets and organizations : individualism and the theory of the firm -- 3. Expectations and macro economic theory : the boundaries of rationality -- 4. Corporate finance and the theory of the firm -- 5. Peter Drucker and the rise of management theory -- 6. Spoils of war -- 7. An institutional view on democracy and prosperity -- 8. Organizations and innovation.

Most economic theory is based on the assumption that?economies grow in a linear fashion. Recessions, depressions and (financial) crises are explained?by?policy mistakes. However, economic development has historically been uneven, and this state of affairs continues today. This book argues that twentieth century economic theory has marginalized individualism and organizational variety, and puts forward the case for a pluralist approach. This book represents a unique synthesis of business theory and economic theory, which pinpoints the problems with many current mainstream theories and sets out