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Foucault's corollary: agency theory and the economics of self-monitoring

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  • Nilmini Wickramasinghe
  • Roberta Lamb

Abstract

In a knowledge economy, the management of an organisation's human capital is critical and prudent management often translates into the attainment of a sustainable competitive advantage. The interaction of knowledge workers with Information and Communication Technologies (ICTs) has presented a particularly interesting dynamic to researchers who study changes in related behavioural phenomena. One such phenomenon is self-monitoring. This paper examines the economics of self-monitoring and the integral role of ICTs in enabling knowledge workers to self-monitor. By merging Foucault's power/knowledge ideas with classical agency theory, we gain a richer understanding of human capital dynamics in a knowledge economy.

Suggested Citation

  • Nilmini Wickramasinghe & Roberta Lamb, 2009. "Foucault's corollary: agency theory and the economics of self-monitoring," International Journal of Networking and Virtual Organisations, Inderscience Enterprises Ltd, vol. 6(3), pages 225-258.
    • Handle: RePEc:ids:ijnvor:v:6:y:2009:i:3:p:225-258
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