A Review of: ‘Human Firm: A Socio-Economic Analysis of Behavior and Potential in a New Economic Age’ by John Tomer
Review of Social Economy, Vol. 61, pp. 24-128, 2003
Posted: 18 Jan 2010
Date Written: 2003
This is an interesting and stimulating book that should be widely read. The Human Firm continues Tomer's ongoing research on what has been referred to as the black box of the firm. In particular, Tomer introduces us to the concept of socio-economic failure, which is the focus of Chapter 2. This is an important extension of the concept of organizational capital introduced in his last book, Organizational Capital - The Path to Higher Productivity and Well-Being, published in 1987 (Tomer 1987). Indeed, Tomer's model of the Human Firm, which is counterposed to the "mainstream" model of the firm, builds upon his earlier conceptualization of organization capital, where the latter speaks to the notion that productivity is affected by how the firm is organized internally.
Keywords: Socio-economic failure, Organizational capital, Productivity, Workers
JEL Classification: Y30, D21
Suggested Citation: Suggested Citation