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Pourquoi pas? Rational Choice as a Basic Theory of HRM

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  • Wenzel Matiaske

    () (University of Flensburg, Institutes of International Management and Sociology)

Abstract

A broad spectrum of theories from different disciplines is portrayed in contemporary HRM (as a discipline of business administration). Theories from psychology, sociology and economics correspond to the variety of problems addressed in HRM which are again situated at different levels of analysis, namely on the individual, group and organizational level. A narrow focus solely on economic approaches, as sometimes suggested in personnel economics, is therefore not sufficient. Instead, the contemporary "rational choice" approach may serve as a "new" basis for the discipline. The approach stems from economics and sociology and, as an off-spring of these, combines elements of action and structure in its basic explanatory models. Also it is able to explain effects that emerge on the system or macro level. Indepth explanations allow model building at different levels of analysis, namely on an environmental, organizational and individual level, which can be seen as a major prerequisite of explanations in HRM. In addition "rational choice" is conscious of the ignorance of its underlying action theory and this exposes it to the body of physiological and psychological knowledge. Anomalies of classic economic theory can therefore be restricted, for instance by using the method of decreasing abstraction. The method of decreasing abstraction serves as a basic principle or heuristic device for model building, in order to separate "rational choice" from traditional anti-reductionism. This article introduces basic elements of the modern "rational choice" approach: the macro-micro-macro model of explanation, homo socio-oeconomicus as a model of man and exchange theory as a baseline model of aggregation. A final summary discusses research questions and applications of "rational choice" in HRM.

Suggested Citation

  • Wenzel Matiaske, 2004. "Pourquoi pas? Rational Choice as a Basic Theory of HRM," management revue. Socio-economic Studies, Rainer Hampp Verlag, vol. 15(2), pages 249-263.
  • Handle: RePEc:rai:mamere:1861-9908_mrev_2004_02_matiaske
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    More about this item

    Keywords

    Rational Choice; Economic Sociology; Micro-macro-link; Homo Socio-oeconomicus;

    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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