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The New Economics of Organization

Terry M. Moe
American Journal of Political Science
Vol. 28, No. 4 (Nov., 1984), pp. 739-777
DOI: 10.2307/2110997
Stable URL: http://www.jstor.org/stable/2110997
Page Count: 39
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Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
The New Economics of Organization
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Abstract

Over the last ten years or so, an important new approach to the study of organizations has emerged within economics. It is perhaps best characterized by three elements: a contractual perspective on organizational relationships, a theoretical focus on hierarchical control, and formal analysis via principal-agent models. This paper provides political scientists with an overview of the "new economics of organization" and explores its implications for the study of public bureaucracy.

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