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Theory of employment systems: micro-foundations of societal diversity

Marsden, David (1999) Theory of employment systems: micro-foundations of societal diversity. Oxford University Press, Oxford, UK. ISBN 9780198294221

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Identification Number: 10.1093/0198294220.001.0001

Abstract

‘A theory of Employment Systems’ explains why there are such great international differences in the way employment relations are organized within the firm. It takes account of the growing evidence of international diversity. It sets out from the theory of the firm first developed by Coase and Simon, and explains why firms and workers should use the employment relationship as the basis for their economic cooperation. The originality of the employment relationship lies in its flexibility. It gives managers the authority to organize work, but it also establishes limits on employees’ obligations. Neither Coase nor Simon dealt with these limits, yet without them, no one would be prepared to work as an ‘employee’, and so there would be no employment relationship, and firms would not exist as employing organizations.

Item Type: Book
Official URL: https://global.oup.com/academic/product/a-theory-o...
Additional Information: © 1999 The Author
Divisions: Management
Centre for Economic Performance
Subjects: H Social Sciences > HF Commerce
H Social Sciences > HC Economic History and Conditions
H Social Sciences > HD Industries. Land use. Labor
JEL classification: L - Industrial Organization > L0 - General
Sets: Departments > Management
Research centres and groups > Centre for Economic Performance (CEP)
Research centres and groups > Employment Relations and Organisational Behaviour Group
Date Deposited: 02 Jul 2014 13:46
Last Modified: 18 May 2020 23:11
URI: http://eprints.lse.ac.uk/id/eprint/57415

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