I consider myself a mainstream researcher in the field of business policy, and the ideas I want to describe in this paper concern the foundations of a theory of business strategy that is rooted in economics. But is such a paper, whatever its merits, really appropriate at a conference entitled 'Non-traditional Approaches to Policy Research'? Surprisingly, it is. The use of economic theory to model and explicate business strategy, as it is understood within the field of business policy, is distinctly non-traditional.
Richard RumeltRelated topics
appropriate business concern conference economics field model paper policy research researcher strategy theory use whatever mainstream approachesRelated quotes
Research desk: In 1972, an edition of the "Protocols of Zion” was published in Egypt!
In 1974 an edition of the "Protocols” was published in Bombay, India, entitled "International Conspiracy Against Indians.”
In 1972, the USSR embassy in Paris released an anti-Israel paper that contained passages from the "Protocols of Zion.'
In 1977, in America, a national states' rights party published three editions of the "protocols”...in English!
In 1978, this book appeared in shops around England!
Will Eisner
In the past fifteen years, Marxist approaches towards literature have enjoyed increasing vogue. To be conscious of the social context of art seems to automatically entail a leftist orientation. But a theory is possible that is both avant-garde and capitalist. Marxism was one of Rousseau's nineteenth-century progeny, energized by faith in the perfectabilty of man. Its belief that economic forces are the primary dynamic force in history is Romantic naturism in disguise. ... Marxism is the bleakest of anxiety-formations against the power of cthonian mothers.
Camille Paglia
Humans have a more complex motivational structure and more capability to solve social dilemmas than posited in earlier rational-choice theory. Designing institutions to force (or nudge) entirely self-interested individuals to achieve better outcomes has been the major goal posited by policy analysts for governments to accomplish for much of the past half century. Extensive empirical research leads me to argue that instead, a core goal of public policy should be to facilitate the development of institutions that bring out the best in humans.
Elinor Ostrom
It is my hope that in such a way we may again, as Marx claimed, find scientific arguments in the competition between various systems, but up-to-date scientific arguments rather than obsolete ones. This more fundamental research in economics deserves relatively more attention and resources than the more superficial versions of economic research directed at forecasting or analysing very short-term fluctuations in market prices, on which quite some money is being spent to-day.
Jan Tinbergen
The paper develops a simple macroeconomic framework for the study of exchange rate movements. The purpose is to develop a theory that is suggestive of the observed large fluctuations in exchange rates while at the same time establishing that such exchange rate movements are consistent with rational expectations formation. In developing a formal model we draw on the role of asset markets, capital mobility, and expectations that have been emphasized in recent literature.
Rudiger Dornbusch
