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Contribution Details

Type Journal Article
Scope Discipline-based scholarship
Title Bad for practice – good for practice from economic imperialism to multidisciplinary mapping
Organization Unit
Authors
  • Margit Osterloh
  • Jetta Frost
Item Subtype Original Work
Refereed Yes
Status Published in final form
Language
  • English
Journal Title Journal of International Business Ethics
Publisher The American Scholars Press
Geographical Reach international
ISSN 1940-1485
Volume 2
Number 1
Page Range 36 - 45
Date 2009
Abstract Text There is a growing debate about economics not only being bad for practice but also destroying good management practice. The focus of this debate has been on the negative influences of wrong assumptions in theory building which become a self-fulfilling prophecy. We analyze why standard economics indeed can be bad for managerial and political practice. Aside from wrong assumptions, economic imperialism is another important factor. We argue that psychological economics is better for practice than standard economics, but is still not good for practice, as long as it uses an imperialistic approach. We propose a different research strategy, which we call multidisciplinary mapping. It not only bridges between different disciplinary approaches but also between the knowledge of scholars and practitioners. It is good for practice as well as for theory building.
Official URL http://www.americanscholarspress.com/content/abstract4_v2_n1_09.html
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Other Identification Number merlin-id:904
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Keywords economics, psychological economics, multidisciplinary mapping, maps, management practice, theory