On the methodology of management research
AbstractEpistemology, methodology or philosophy of science, i.e., the foundations and validity of knowledge, have never been very popular subjects as applied to management research. Lately, though, the need for better theories and the methodological discussion underlying the creation of such theories appears to be receiving more attention. In this paper, I will review some basic underlying issues in the area by taking a look at to some of the classical authors. I will first analyze Hayek's view of methodological problems in economics and then apply his analysis to the development of management theory. Then, I'll elaborate on Elster's distinction between causal, functional and intentional explanations. Naïve methodological attitudes will be discussed in this context. I will use agency theory as an example of what should and should not be done. Finally, I'll examine the falsification criterion in management theory and discuss the role of mathematics in the development of theory.
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Bibliographic InfoPaper provided by IESE Business School in its series IESE Research Papers with number D/692.
Length: 20 pages
Date of creation: 11 May 2007
Date of revision:
epistemology; philosophy of science; methodology; management theory; foundations of management;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-06-11 (All new papers)
- NEP-HIS-2007-06-11 (Business, Economic & Financial History)
- NEP-HPE-2007-06-11 (History & Philosophy of Economics)
- NEP-KNM-2007-06-11 (Knowledge Management & Knowledge Economy)
- NEP-PKE-2007-06-11 (Post Keynesian Economics)
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- Argandoña, Antonio, 2007. "Anthropological and ethical foundations of organization theory," IESE Research Papers D/707, IESE Business School.
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