As with all theories, we can learn something from agency theory and transaction-costs economics, since they emphasize something others hide. But as with all theories, they also distort; in fact, I will argue that their distortions outweigh the value of what they highlight.


p. 220 - Complex organizations, 1972


As with all theories, we can learn something from agency theory and transaction-costs economics, since they emphasize something others hide. But as...

As with all theories, we can learn something from agency theory and transaction-costs economics, since they emphasize something others hide. But as...

As with all theories, we can learn something from agency theory and transaction-costs economics, since they emphasize something others hide. But as...

As with all theories, we can learn something from agency theory and transaction-costs economics, since they emphasize something others hide. But as...