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Economists' Perspectives on Leadership
Bolton, Patrick; Brunnermeier, Markus K.Book Chapter HBS-6134BC-ELeadership and People ManagementThe authors of this chapter acknowledge that leadership has received limited attention in economics. They note that classical economics treats the firm as a "black box" production function, ignoring the role of leadership. Building on the principal-agent framework, they introduce an economic model of leadership that defines an organizational leader's challenge as credibly communicating a mission that enables coordinated actions by followers in th...Starting at €8.20