Free to Fail: Creative Destruction Revisited

Free to Fail: Creative Destruction Revisited
ISBN-10
1781953155
ISBN-13
9781781953150
Category
Business & Economics
Pages
192
Language
English
Published
2013-01-01
Publisher
Edward Elgar Publishing
Authors
Arjen Van Witteloostuijn, Hugh C. van der Mandele

Description

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 Ôfree to failÕ 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.

Get the book

Amazon.com
Amazon.com
Search the book
eBay.com
eBay.com
Search the book

Other editions

  • Free to Fail
    Free to Fail
    • 1992-01-01
    • 160 pages
    • Paperback
    • Society for Promoting Christian Knowledge

Similar books