2013•Unpublished venueRequires access

Managerial Economics

Paul H. Rubin, Anthony Dnes

Abstract

This chapter assesses trends in managerial economics, in particular considering the extent to which a convergence may be occurring between managerial economics and mainstream work. Managerial economics is currently developing into “the new managerial economics” that incorporates much organizational economics, including the study of strategic interaction. New work does not so much displace the old, but is more in the nature of an augmentation because of an increased focus on organizational questions related to managing human resources.

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Key concepts: Managerial economics, Mainstream economics, Organizational economics, Work (physics), Mainstream, Economics, Human development theory, Convergence (economics)