Abstract
| Original language | English |
|---|---|
| Place of Publication | Cheltenham |
| Publisher | Edward Elgar Publishing |
| Number of pages | 130 |
| ISBN (Print) | 9781781953143 |
| Publication status | Published - 2013 |
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Free to Fail : Creative Destruction Revisited. / van der Mandele, H.; van Witteloostuijn, A.
Cheltenham : Edward Elgar Publishing, 2013. 130 p.Research output: Book/Report › Book › Scientific
TY - BOOK
T1 - Free to Fail
T2 - Creative Destruction Revisited
AU - van der Mandele, H.
AU - van Witteloostuijn, A.
N1 - Pagination: 130
PY - 2013
Y1 - 2013
N2 - This challenging book tackles one of the most fundamental questions in economics: Why are commercial organizations more efficient than organizations in the public domain? It is generally accepted that the traditional answer (the fact that commercial organizations maximize profits) does not necessarily hold true. Finding a solution to this anomaly, as this book attempts to do, should therefore be a prime concern in economics. The authors believe the answer lies in the fact that even in a completely stable environment, all organizations will eventually fail irreparably. Organizations operating in the market are more efficient because, once in decline, they are 'free to fail' and allowed to be disassembled or even replaced. Public organizations that fail are more often than not protected and allowed to continue even though their efficiency is questionable. This fascinating and thought-provoking book will provide a stimulating read for academics and students with an interest in economics, business and management and public policy.
AB - This challenging book tackles one of the most fundamental questions in economics: Why are commercial organizations more efficient than organizations in the public domain? It is generally accepted that the traditional answer (the fact that commercial organizations maximize profits) does not necessarily hold true. Finding a solution to this anomaly, as this book attempts to do, should therefore be a prime concern in economics. The authors believe the answer lies in the fact that even in a completely stable environment, all organizations will eventually fail irreparably. Organizations operating in the market are more efficient because, once in decline, they are 'free to fail' and allowed to be disassembled or even replaced. Public organizations that fail are more often than not protected and allowed to continue even though their efficiency is questionable. This fascinating and thought-provoking book will provide a stimulating read for academics and students with an interest in economics, business and management and public policy.
M3 - Book
SN - 9781781953143
BT - Free to Fail
PB - Edward Elgar Publishing
CY - Cheltenham
ER -