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It Is Not Uncommon for People to Say Something Like

question 168

Essay

It is not uncommon for people to say something like, "If we can put someone on the moon we should be able to . . . ," followed by the person's favorite project. What response can an economist make to this person?


Definitions:

Contingency View

A management theory that suggests the optimal course of action depends on the specific internal and external circumstances faced by an organization.

General Systems Theory

An interdisciplinary theory about the nature of complex systems in nature, society, and science, emphasizing that systems can have commonalities.

Solar System

The collection of celestial bodies, including the sun, planets, moons, asteroids, comets, and meteoroids, that orbit around the sun due to its gravitational pull.

Chester Barnard

An American business executive and scholar, known for his contributions to management theory, particularly the concept of the informal organization.

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