Managerial Professionalism and the Use of Organization Resources

Coase, Kaldor, and Baumol represent a pattern of thinking among microeconomists which regards professionalism among organization managers as contributing to efficiency and, therefore, a source of expansion of an organization's size beyond the limits otherwise expected. This paper takes the contrary position that managerial professionalism does not lead to technical efficiency but to the consumption of organization resources for competitive performances aimed at impressing outside audiences. The implications of empirical findings from a time series study of professionalizing functionaries are discussed

Business · Coase theorem · Consumption (sociology) · Economics · Empirical research · Epistemology · Industrial organization · Microeconomics · Position (finance) · Social science · Sociology · Transaction cost · Accounting and Organizational Management · Corporate Finance and Governance · Economic Theory and Institutions · Finance

• Business behavior, value and growth.

  William J Baumol•Business behavior, value and…•1959

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• Professions and professionalization

  J A Jackson•Professions and professionalization•1970

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• Capitalism and Freedom

  Milton Friedman•Capitalism and Freedom•2002

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• Problems of Collaboration between Social Scientists and the Practicing Professions

  Open Access•Leonard S Cottrell, Eleanor Bernert Sheldon•The Annals of the American…•1963

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• The Nature of the Firm

  Ronald H Coase•Economica•1937

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• Social Theory and Social Structure

  Robert King Merton•Social Theory and Social Structure•1968

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• Professionalization and Bureaucratization

  R H Hall•American Sociological Review•1968

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• The Professionalization of Everyone

  Harold L Wilensky•American Journal of Sociology•1964

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