Chapter Four. How Economists Approach the Measurement Problem
The link between management practice and research in economics is tenuous at best. One reason is that economists commonly use complex mathematics that are inaccessible to most nonspecialists. Another reason is that the assumptions underlying many economic models are so simplified that it is difficult to take them seriously as descriptions of real organizational situations. Despite these objections, however, there are ideas of interest imbedded within the mathematically rigorous yet drastically oversimplified models of economics. It is worth considering these ideas, without the technical detail, as a starting point for the analysis of motivational measurement.
Economists began to consider ...
Get Measuring and Managing Performance in Organizations now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
