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Management by luck — or is it rational to learn economics?

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Total Quality Management
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Abstract

Empirical work and experimental studies often question the value of normative economic theory’s core — planning and rationality. Control by quantitative measures is called an illusion, and the concept of bounded rationality is often mention in the literature.

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© 1995 Springer Science+Business Media Dordrecht

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Neumann, R., Wolffsen, P. (1995). Management by luck — or is it rational to learn economics?. In: Kanji, G.K. (eds) Total Quality Management. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-0539-2_33

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  • DOI: https://doi.org/10.1007/978-94-011-0539-2_33

  • Publisher Name: Springer, Dordrecht

  • Print ISBN: 978-94-010-4240-6

  • Online ISBN: 978-94-011-0539-2

  • eBook Packages: Springer Book Archive

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