• The Dissertation Defense

    Updated: 2012-10-29 14:51:48
    | Peter Klein | Thanks to Pete Boettke for forwarding this thoughtful CHE piece on the dissertation defense. Like the writer, I never had a defense; I was exchanging dissertation drafts with my adviser (via snail mail — this was a long time ago), and one day he simply said, “Send me the title page,” and I was [...]

  • Social Justice Quote of the Day

    Updated: 2012-10-27 15:10:44
    | Peter Klein | Hayek, interviewed in 1983 by Encounter: Hayek: “I regard ‘social justice’ as a nonsensical term….” Interviewer: “But do we have the concept of the ‘social market economy’?” Hayek: “May I tell you the story of when I last spoke to Dr. Ludwig Erhard? We were alone for a moment, and he [...]

  • A New Approach to Multitask Agency Problems

    Updated: 2012-10-22 06:44:59
    | Peter Klein | The standard approach to multiask agency problems is to recognize that, if the output of some tasks is more easily measured than the output of other tasks, than others, then piece-rate incentive schemes will lead to a distortion of effort toward the more easily monitored tasks. Ask a sales clerk to [...]

  • Mormons in Management

    Updated: 2012-10-19 22:59:00
    | Peter Klein | There’s an old joke about God calling the Pope. “I’ve got good news and bad news. The good news is that I’ve answered your prayer — I’m uniting all the world’s religions under one church and one leader.” Great, the Pope responds, what’s the bad news? “I’m calling from Salt Lake [...]

  • Capabilities and Organizational Economics: How Do They Relate?

    Updated: 2012-10-17 15:24:10
    | Nicolai Foss | From the official SMG blog, Strategy and Organization: A long-standing discussion in management research concerns the relation between capabilities perspectives on the firm and organizational economics, including transaction cost economics and agency theory. In particular, proponents of capabilities ideas have criticized organizational economics for exaggerating the role of opportunism (and similar constructs), [...]

  • Henry Manne at Missouri, on the Crisis in Higher Education

    Updated: 2012-10-17 04:04:55
    | Peter Klein | Missouri friends, please join us next Tuesday for a lecture by Henry Manne on the governance and organization of US higher education institutions: The Crisis in Higher Education: Origins and Problems of University Governance Henry G. Manne Dean Emeritus, George Mason University Law School Tuesday, October 23, 2012, 3:30-4:45pm MU Student [...]

  • SMS in Prague

    Updated: 2012-10-10 10:18:37
    | Peter Klein | The Strategic Management Society conference has just wrapped up from the lovely city of Prague. Three-fourths of the O&M team,along with several former guest bloggers, enjoyed the festivities. There were many excellent papers, panels, workshops, and social events. Too many to summarize here, but I’ll mention a few highlights: A panel [...]

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