Bureaucratic costs and the theory of public investment
Read Online
Share

Bureaucratic costs and the theory of public investment by Julia Herszkowicz

  • 965 Want to read
  • ·
  • 35 Currently reading

Published by Institute for Research in the Behavioral, Economic, and Management Sciences, Krannert Graduate School of Management, Purdue University in West Lafayette, Ind .
Written in English

Subjects:

  • Expenditures, Public -- Mathematical models.,
  • Public investments -- Mathematical models.

Book details:

Edition Notes

Bibliography: p. 39.

Statementby Julia Herszkowicz and Andrew B. Whinston.
SeriesPaper - Institute for Research in the Behavioral, Economic, and Management Sciences, Krannert Graduate School of Management ; no. 701, Paper (Krannert Graduate School of Management. Institute for Research in the Behavioral, Economic, and Management Sciences) ;, no. 701.
ContributionsWhinston, Andrew B., joint author.
Classifications
LC ClassificationsHD6483 .P8 no. 701, HJ7451 .P8 no. 701
The Physical Object
Pagination39, 7 p. ;
Number of Pages39
ID Numbers
Open LibraryOL4071708M
LC Control Number79625985

Download Bureaucratic costs and the theory of public investment

PDF EPUB FB2 MOBI RTF

  Definition: The bureaucratic management theory, introduced by Max Weber stated that to manage an organization efficiently, it is essential to have a clear line of authority along with proper rules, procedures and regulations for controlling each business cracy refers to the possessing of control over a group of people or activities through knowledge, power or authority.   Bureaucracy implies a complex structure with multiple layers and procedures that make decision making slow. Bureaucracies can render systems formal and rigid, which is . Public sector bureaucracies include many parts of government administration, the military, and almost all universities. In the private sector, large organizations are often structured in a bureaucratic fashion, examples include Coca-Cola, General Electric, and IBM. Advantages of Bureaucratic Theory. Max Weber (), a German sociologist; described a theory to operate an organization in an effective way which is known as the Bureaucratic management approach or Weberian bureaucracy. Max Weber’s work was oftentimes interpreted as a caricature of modern bureaucracies with .

  According to the bureaucratic theory of Max Weber, bureaucracy is the basis for the systematic formation of any organisation and is designed to ensure efficiency and economic effectiveness. It is an ideal model for management and its administration to bring an organisation’s power structure into focus. Max Weber and Bureaucratic Theory Weber was born in Germany in and grew up during the time when industrialization was transforming government, business, and society. Weber was interested in industrial capitalism, an economic system where industry is privately controlled and operated for profit. Definition: Demand Curve is a precise set-up to describe the relation amidst price and quantity demanded. It is a graph representing the relationships among the price of a product and the quantity of product that customers are pleased and ready to purchase at the given cost. the implementation and, surprisingly, formulation of public policy- a situation which strengthens the bureaucracy and widens its sphere of operation. This observation fully expresses the position that bureaucracy is a form of government, exercised by officials, characterised by tendency to intervene and often to exceed its proper function.

The bureaucratic theory of public administration owes its existence to Max Weber and his magnum opus Economy and Society published in It was Weber who popularized the term and in his book gave a glimpse of the extensive research he had carried out by studying ancient and modern states to understand the working of the bureaucracies in different eras. This is the first book to develop a formal theory of supply by bureaus. Niskanen develops an original and comprehensive theory of the behavior of bureaus with the institutions of representative government. He challenges the traditional view that monopoly bureaus are the best way to organize the public sector, and he suggests ways to use competitive bureaus and private firms to perform. In book: Handbook of Educational Theories (pp) bureaucratic theory is Weick’s () concept of “loose- (). Scope of the theory of public administration (pp. ). In J. SAGE Video Bringing teaching, learning and research to life. SAGE Books The ultimate social sciences digital library. SAGE Reference The complete guide for your research journey. SAGE Navigator The essential social sciences literature review tool. SAGE Business Cases Real world cases at your fingertips. CQ Press Your definitive resource for politics, policy and people.