1.

Record Nr.

UNINA9910409667703321

Autore

Wieland Josef

Titolo

Relational Economics : A Political Economy / / by Josef Wieland

Pubbl/distr/stampa

Cham : , : Springer International Publishing : , : Imprint : Springer, , 2020

ISBN

3-030-45112-7

Edizione

[1st ed. 2020.]

Descrizione fisica

1 online resource (169 pages) : illustrations

Collana

Relational Economics and Organization Governance, , 2662-9852

Disciplina

330

Soggetti

Evolutionary economics

Economic sociology

Social responsibility of business

Institutional/Evolutionary Economics

Organizational Studies, Economic Sociology

Corporate Social Responsibility

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di contenuto

Part I: Transaction and Contract -- Part II: Governance and Polycontextuality -- Part III: The Firm and Polycontextual Management -- Part IV: Cooperation Rent and Societal Value Creation.

Sommario/riassunto

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 and civil 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.