Organizational Economics

1 Organizational economics is the application of economic logic and methods to understand the nature, BLOCKIN BLOCKIN design BLOCKIN BLOCKIN and BLOCKIN BLOCKIN performance BLOCKIN BLOCKIN of BLOCKIN BLOCKIN organizations, BLOCKIN BLOCKIN especially BLOCKIN BLOCKIN managed BLOCKIN BLOCKIN ones BLOCKIN BLOCKIN like BLOCKIN BLOCKIN business BLOCKIN BLOCKIN firms. BLOCKIN BLOCKIN Several distinguished economists addressed organizational issues during the first two centuries of the discipline, but the profession as a whole paid scant attention to organizations. During the 1970s, however, a collection of seminal contributions laid the foundations for the modern field. As a result, the past thirty-­‐ five years have witnessed two developments: first, economists (often in business schools) have produced a large and growing literature directly addressing organizational issues; second, economists in other fields (beginning with industrial organization and labor, and now including corporate finance, development, political economy, and international trade) have asked organizational questions and applied organizational results within their own fields.

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