Article

Economics Approaches To Management Consulting

Nicole J. Saam

in The Oxford Handbook of Management Consulting

Published in print March 2012 | ISBN: 9780199235049
Published online September 2012 | | DOI: http://dx.doi.org/10.1093/oxfordhb/9780199235049.013.0010

Series: Oxford Handbooks in Business and Management

 Economics Approaches To Management Consulting

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This article takes a look at the economics approaches to management consulting. It discusses the evolution of economics as well as its basic assumptions. The next section identifies the contributions of new institutional economics for a better understanding of management consulting, especially the concepts of transaction-cost economics, agency theory, and property rights theory. This article also discusses the classical microeconomic theory and behavioral economics and presents contributions from heterodox institutional economics.

Keywords: economics approaches; new institutional economics; transaction-cost economics; agency theory; property rights theory; classical microeconomic theory; behavioral economics; heterodox institutional economics

Article.  7955 words. 

Subjects: Business and Management ; Organizational Theory and Behaviour

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