| Title: |
Economic Calculation and Managerial Decisions: A Misesian Examination of the Successes and Failures of Total Quality Management |
| Authors: |
Anderson, William; Shah, Amit J.; Hawk, Thomas; McLellan, Jaquelynne |
| Source: |
The Coastal Business Journal |
| Publisher Information: |
CCU Digital Commons |
| Publication Year: |
2022 |
| Collection: |
Coastal Carolina University: CCU Digital Commons |
| Subject Terms: |
Advertising and Promotion Management; Curriculum and Instruction; E-Commerce; Economics; Higher Education; Hospitality Administration and Management; Marketing; Real Estate; Recreation Business; Tourism and Travel |
| Description: |
While the Total Quality Management programs that were extremely popular a decade ago had many successes, there also were a large number of failures. This paper lays out some theoretical reasons for why these failures might have occurred. Our methodology is the application of the theories of the "Austrian" economists, including Ludwig von Mises, F.A. Hayek, and Murray N. Rothbard. We apply both the Austrian theory of the firm, as well as the economic calculation theories that Mises and Hayek developed, in order to explain why some TQM failures might have occurred. |
| Document Type: |
text |
| File Description: |
application/pdf |
| Language: |
unknown |
| Relation: |
https://digitalcommons.coastal.edu/cbj/vol6/iss1/3; https://digitalcommons.coastal.edu/context/cbj/article/1034/viewcontent/cbj_v06_2007_spring_03_anderson_et_al.pdf |
| Availability: |
https://digitalcommons.coastal.edu/cbj/vol6/iss1/3; https://digitalcommons.coastal.edu/context/cbj/article/1034/viewcontent/cbj_v06_2007_spring_03_anderson_et_al.pdf |
| Accession Number: |
edsbas.D715244 |
| Database: |
BASE |