Schumpeter's Theory of Economic Development: 100 years of development
In: Journal of evolutionary economics, Band 22, Heft 5, S. 917-933
ISSN: 1432-1386
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In: Journal of evolutionary economics, Band 22, Heft 5, S. 917-933
ISSN: 1432-1386
In: Research policy: policy, management and economic studies of science, technology and innovation, Band 35, Heft 8, S. 1200-1221
ISSN: 1873-7625
The theory of economic development (1934) : the fundamental phenomenon of economic development -- The theory of economic development (1911) : the fundamental phenomenon of economic development -- The theory of economic development (1911) : the view of the economy as a whole -- Entrepreneur (1928) -- The entrepreneur in today's economy (1928) -- Business cycles : how the economic system generates evolution (1939) -- Capitalism, socialism and democracy : the process of creative destruction (1942) -- Capitalism, socialism and democracy : crumbling walls (1942) -- The creative response in economic history (1947).
In: Organization science, Band 34, Heft 6, S. 2163-2181
ISSN: 1526-5455
This paper addresses a notable gap at the intersection of organizational economics and organization science: how does organizational context influence aggregation of individual behavior in organizational decisions? Using basic centralized versus decentralized organizational structures as building blocks for our experimental design, we examine whether assignment of organizational positions, incentive schemes, and structural configuration induce endogenous adaptation in the form of change in reservation levels (bias) or modified discrimination capability in subjects' behavior. We found that evaluators adapted their reservation and discrimination levels in centralized structures, whereas they did not generally adapt their reservation and discrimination levels when placed in decentralized structures. We identify mechanisms that explain these findings; explain how they influence aggregate, organizational behavior; and discuss implications for research and practice. History: This paper has been accepted for the Organization Science Special Issue on Experiments in Organizational Theory. Funding: M. Warglien acknowledges financial support from the European Union's Horizon 2020 research and innovation programme under [Grant Agreement 732942]. Supplemental Material: The online appendix is available at https://doi.org/10.1287/orsc.2021.1502 .