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Crisis and hyper-ideological (un)consciousness

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  • Kallifatides, Markus

Abstract

Summary The purpose here is to carve out a position in debates on management teaching by remembering the origins of the agency theory of the firm. In this speculative piece, I formulate precisely what role agency theory may have played in the ongoing global financial crisis. A reading of a recently published text written by leading agency theorists attests to the deeply ideological origins of their work. My article is an attempt to isolate a case of hyper-ideological (un)consciousness, which seeks to assist in building a collective capacity for recognizing what I hold to be its secret kernel: the prevention of ambitious people from reading the works of Karl Marx - a proponent of agency theory's assumptions about behaviour in capitalism.

Suggested Citation

  • Kallifatides, Markus, 2011. "Crisis and hyper-ideological (un)consciousness," Scandinavian Journal of Management, Elsevier, vol. 27(1), pages 140-150, March.
    • Handle: RePEc:eee:scaman:v:27:y:2011:i:1:p:140-150
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    References listed on IDEAS

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