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The Strategy Function

In: Global Transition

Author

Listed:
  • Graeme Donald Snooks

    (Australian National University)

Abstract

In order to understand the strategic response we need a new vision concerning the objectives of human society and its macroeconomic relationships. New visions are reflected in new metaphors. The neoclassical metaphor for modern society is the factory dominated by the machine. Orthodox economists see society as an organization that maximizes its economic output from a given set of inputs and state of technology. They see society working out its objectives within the context of the aggregate production function. This, I argue, constitutes a distorted vision of reality. Human society is not a factory but a strategic organization, and social dynamics is not a production process but a strategic pursuit. Accordingly we need to replace the neoclassical production function in our dynamic models with what I propose to call the strategy function.

Suggested Citation

  • Graeme Donald Snooks, 1999. "The Strategy Function," Palgrave Macmillan Books, in: Global Transition, chapter 12, pages 219-228, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-333-98479-6_12
    DOI: 10.1057/9780333984796_12
    as

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