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Exit, Voice, and Loyalty Responses to Decline in Firms, Organizations, and States

ISBN-10: 0674276604
ISBN-13: 9780674276604
Edition: 1970
List price: $27.00 Buy it from $13.83 Rent it from $15.98
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Description: An innovator in contemporary thought on economic and political development looks here at decline rather than growth. Albert O. Hirschman makes a basic distinction between alternative ways of reacting to deterioration in business firms and, in  More...

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Book details

List price: $27.00
Copyright year: 1970
Publisher: Harvard University Press
Publication date: 1/1/1970
Binding: Paperback
Pages: 162
Size: 5.25" wide x 8.25" long x 0.25" tall
Weight: 0.726
Language: English

An innovator in contemporary thought on economic and political development looks here at decline rather than growth. Albert O. Hirschman makes a basic distinction between alternative ways of reacting to deterioration in business firms and, in general, to dissatisfaction with organizations: one-exit-is for the member to quit the organization or for the customer to switch to the competing product, and the other-voice-is for members or customers to agitate and exert influence for change "from within." The efficiency of the competitive mechanism, with its total reliance on exit, is questioned for certain important situations. As exit often undercuts voice while being unable to counteract decline, loyalty is seen in the function of retarding exit and of permitting voice to play its proper role. The interplay of the three concepts turns out to illuminate a wide range of economic, social, and political phenomena. As the author states in the preface, "having found my own unifying way of looking at issues as diverse as competition and the two-party system, divorce and the American character, black power and the failure of 'unhappy' top officials to resign over Vietnam, I decided to let myself go a little."

Introduction and Doctrinal Background
Enter ""exit"" and ""voice""
Latitude for deterioration, and slack in economic thought
Exit and voice as impersonations of economics and politics
Exit How the exit option works Competition as collusive behavior
Voice Voice as a residual of exit Voice as an alternative to exit
A Special Difficulty in Combining Exit and Voice
How Monopoly Can be Comforted by Competition
On Spatial Duopoly and the Dynamics of Two-Party Systems
A Theory of Loy

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