The Journal of Socio-Economics articles from September 1995

The Journal of Socio-Economics archives from September 1995

Strategy and structure in the human firm: beyond hierarchy, toward flexibility and integration. (flexible-integrated firm)
September 22, 1995... INTRODUCTION The Need for a Model of the Flexible, Integrated Firm In response to global competition and a rapidly changing business environment, corporate strategies and structures are becoming more flexible and integrated. Unfortunately,...

New directions for economics. (trends in economic research)
September 22, 1995... INTRODUCTION There is a common element in the definitions of economics in standard introductory textbooks. "Economics is the study of how societies use scarce resources to produce valuable commodities and distribute them among different...

Entrapment in risky investments.
September 22, 1995... INTRODUCTION The phenomenon of sunk costs is well-known from anecdotical examples (e.g., Thaler, 1980; Staw, 1981) and controlled experiments (Brockner, Shaw, & Rubin, 1979; Staw, 1976; Staw & Fox, 1977; Arkes & Blumer, 1985). The following...

Community turnarounds in declining company towns: a restructuring model.
September 22, 1995... INTRODUCTION The problem addressed by this article is the closure of a production facility by a business firm which is the dominant employer in the community where the closure takes place. In such a community (or "company town"), the plant...

On theorizing the complexity of economic systems.
September 22, 1995... INTRODUCTION Modeling is a principal - perhaps the primary - tool for studying the behavior of large complex systems. . . . Modeling, then, calls for some basic principles to manage this complexity - H.A. Simon (1990, p. 7) Is Economics...

The Grunberg/Modigliani and Simon possibility theorem: a social psychological change.
September 22, 1995... THE SELF-ALTERING PROPHECY AS A HAZARD FOR PREDICTIVE ACCURACY Can self-alteration - the public reaction to a prophecy, prediction, or forecast - destroy the accuracy of specific social and economic predictions? There is good evidence that it...

I, We, and She: an ecological note on Etzioni's I & we paradigm.
September 22, 1995... The I & We paradigm developed by Amitai Etzioni (1988) is a powerful statement of socioeconomics. Many theoretical arguments and empirical data support Etzioni's claim for a deontological social science (Etzioni & Lawrence, 1991). However,...