By Anna Grandori
This publication proposes a brand new method of economics, administration and association that are meant to help make financial association ‘wise’, ‘innovative’ and ‘robust’ in an doubtful and dicy international. even if the trendy economic system and society is ‘knowledge intensive’, Anna Grandori argues that the dominant financial, organizational and behavioural versions forget to a wide volume the matter of legitimate wisdom development and potent wisdom governance.
The ebook integrates inputs from economics and behavioural technology with insights from the philosophy of data to outline new micro-foundations: neither a calculative, deductive and omniscient ‘rational actor’; nor an experiential, adaptive and biased ‘behavioural actor’; yet a well informed and inventive ‘epistemic actor’.
The implications for contracts and organisations, sustained additionally by way of insights from legislation, are proven to be a long way achieving, together with a brand new view of the character of the company as an entity-establishing contract lower than which to find makes use of of assets below uncertainty, and as a democratic establishment.