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Political [Personnel] Economy ?a Political Economy Perspective to Explain Different Forms of Human Resource Management Strategies

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  • Werner Nienhueser

    (University of Duisburg-Essen, Institute of Human Resource Management, Department of Business Administration, Economics, Business Computing and Informatics)

Abstract

A political economy approach to explaining the existence of different human resource strategies is developed in this article ? in short: a political personnel economy. The starting point is a critical analysis of the abstinence of politics and power and the resulting explanation deficiencies of traditional microeconomic approaches and of the transactions cost theory. The Marxian labour process theories also discussed in this article, while certainly ?political?, primarily exhibit problems related to the theory of action as a foundation. A micro-analytical theory of action-based version of a political economy approach is therefore outlined and applied to the explanation of different human resource management strategies.

Suggested Citation

  • Werner Nienhueser, 2004. "Political [Personnel] Economy ?a Political Economy Perspective to Explain Different Forms of Human Resource Management Strategies," management revue - Socio-Economic Studies, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 15(2), pages 228-248.
    • Handle: RePEc:nms:mamere:1861-9908_mrev_2004_02_nienhueser
    as

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    File URL: https://www.nomos-elibrary.de/10.5771/0935-9915-2004-2-228
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    References listed on IDEAS

    as
    1. Samuel Bowles & Herbert Gintis, 1990. "Contested Exchange: New Microfoundations for the Political Economy of Capitalism," Politics & Society, , vol. 18(2), pages 165-222, June.
    2. Oliver E. Williamson & Scott E. Masten (ed.), 1995. "Transaction Cost Economics," Books, Edward Elgar Publishing, volume 0, number 594.
    3. Simon, Herbert A, 1979. "Rational Decision Making in Business Organizations," American Economic Review, American Economic Association, vol. 69(4), pages 493-513, September.
    4. Oliver E. Williamson, 1984. "Efficient Labour Organization," Palgrave Macmillan Books, in: Frank H. Stephen (ed.), Firms, Organization and Labour, chapter 6, pages 87-118, Palgrave Macmillan.
    5. Samuel Bowles & Herbert Gintis, 1993. "The Revenge of Homo Economicus: Contested Exchange and the Revival of Political Economy," Journal of Economic Perspectives, American Economic Association, vol. 7(1), pages 83-102, Winter.
    6. Dow, Gregory K., 1987. "The function of authority in transaction cost economics," Journal of Economic Behavior & Organization, Elsevier, vol. 8(1), pages 13-38, March.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Human Resource Management; Strategies; Power; Political Economy; Transactions Cost Theory; Microeconomics; Politics;
    All these keywords.

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • J53 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Labor-Management Relations; Industrial Jurisprudence
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

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