Routledge Dictionary of Economics, Second Edition
The multidisciplinary analysis of the problems of business, using economic, accounting, psychological, legal and statistical methods.
It blossomed as a subject as a consequence of the establishment of business schools, especially the Wharton School of Finance and Commerce in Philadelphia in 1881 and the Henley Administrative Staff College (UK) in 1947. These postgraduate schools, the chief practitioners of business studies, have reduced many managerial inefficiencies which used to be regarded as the principal cause of DISECONOMIES OF SCALE. The distinctive discipline developed by the subject has been ORGANIZATION THEORY.
This is the complete article, containing 91 words
(approx. 1 page at 300 words per page).
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