Overview
- Introduces a theoretical basis for the governance of relational transactions
- Presents a research agenda of relational economics
- Studies the network, stakeholder and leadership mechanisms of global value chains
Part of the book series: Relational Economics and Organization Governance (REOG)
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Table of contents (12 chapters)
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Transaction and Contract
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Governance and Polycontextuality
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The Firm and Polycontextual Management
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Cooperation Rent and Societal Value Creation
Keywords
- Relational economics
- Institutional economics
- Theory of the firm
- Organizational governance
- Stakeholder management
- Cooperation rent
- Relational leadership
- Transcultural management
- Relational contract
- Relational good
- Corporate responsibility
- Governance of relational transactions
- Intra- and inter-firm networks
- corporate social responsibility
About this book
This book introduces the research agenda of relational economics as a political economy for the governance of local and global economic transactions in modern societies. It analyses the mechanisms of global value creation and production networks by studying cooperation in intra- and inter-firm networks, intersectoral stakeholder management, and transcultural leadership.
The author develops a categorical taxonomy for private and public value creation based on the effective and efficient interlinking of, and interaction between, a range of resources and abilities. In contrast to mainstream economics, which largely focuses on the laws of discrete and dyadic exchange transactions, this book assesses the polyvalent characteristics of relational transactions.
The chief categories involved in an economic theory of the relations between events are the relational transactions and their various forms of governance; the polycontextual cooperation between economic, political andcivil society agents; and the factor incomes and relational rents that relational transactions produce. Today, relational transactions are the rule, not the exception, in modern economies and their global value creation networks. Given its scope and focus, this book will appeal to scholars of economics, economic sociology, organisational studies and related fields.
Authors and Affiliations
About the author
Bibliographic Information
Book Title: Relational Economics
Book Subtitle: A Political Economy
Authors: Josef Wieland
Series Title: Relational Economics and Organization Governance
DOI: https://doi.org/10.1007/978-3-030-45112-7
Publisher: Springer Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2020
Hardcover ISBN: 978-3-030-45111-0Published: 29 May 2020
Softcover ISBN: 978-3-030-45114-1Published: 29 May 2021
eBook ISBN: 978-3-030-45112-7Published: 27 May 2020
Series ISSN: 2662-9852
Series E-ISSN: 2662-9860
Edition Number: 1
Number of Pages: XI, 168
Number of Illustrations: 26 b/w illustrations
Topics: Institutional/Evolutionary Economics, Organizational Studies, Economic Sociology, Corporate Social Responsibility