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Mihai LĂCĂTUŞ - GDP as a Means, Not an End: Inequality as the Missing Variable in Fiscal Policy Design – A 60-Country Analysis of Economic Growth and Subjective Well-Being

Articles on Issue Theme

Radu-Cristian MUŞETESCU

Academia de Studii Economice din Bucureşti

Frederick Taylor could be qualified as the founding father of the modern discipline of management. His work, “The Principles of Scientific Management”, is among the first attempts to set up a coherent set of principles and rules in the practice of management in modern organizations. While Taylor seems to have gone too far by claiming that the status of his statements is scientific, we argue that he made important contributions by the innovative application of economic theory to the organization of production. According to our definition of “science”, his contribution cannot be qualified as scientific but can easily be valued as a relevant body of empirical knowledge. Such an interpretation does not minimize at all the relevance of the practice of management for the process of decision-making in modern business organizations but it relates it with the understanding of the fundamental role played by entrepreneurship.

ŒCONOMICA no. 4/2012

Keywords: management, science, entrepreneurship, production, labour

JEL: J01, J33, M11, M21

Ştiinţa managementului conform perspectivei lui Frederick W. Taylor: între teorie şi practică

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