Walras and Pareto’s, Neo-classical Economics and Taylor’s Scientific Management are based upon a common rationalistic paradigm, mechanistic rationalism. They made an implicit division of the world between perfect competition market and perfect organization, i.e. pure controllable hierarchy. Growing complexity, instability, irreversible change, the integration of firms and the search for flexibility and innovation, require another Microeconomics for another Management, based upon bounded and procedural rationality.
LORINO, P. (1989). L’économiste et le manageur : éléments de microéconomie pour une nouvelle gestion. La Découverte, 215 pages.