Capitalist firms, government-owned firms, nonprofit organizations, employee-owned firms, and labor unions are analyzed in detail. The problems limiting the efficiency of organizations are shown to be of a technical-administrative nature, where rationally-bounded members act in support of the goals set by the principals-controllers of the organization, or of an agency-managerial type, where they act to further their own interests.
The reasons, methods and outcomes of system change in general and in Russia and Eastern Europe in particular are analyzed, using the analytical apparatus developed in the monograph.
This monograph charts a new course for comparative economics as the field devoted to the study of the organization of economies, their behaviour, and outcomes. It examines economic systems as mechanisms for coordinating decisions and allocating resources at the macro level of national companies, cartels and franchises. A systemic approach to the description and comparison of economic syste