Inequality, Economism and Bad Management
Natàlia Cugueró-Escofet – (Universitat Oberta de Catalunya)
Josep-Maria Rosanas Marti – (IESE Business School)
Received March 9 24, 2022; accepted May 30, 2022.
The past decades have shown an increase in inequality, measured in economic terms, that affects society, creating unfair increasing differences between the welfare of the richest and the poorest, and being even worse with respect to middle classes and people with a stable job. We show how the economies of the Western World have evolved since World War II, first with an unprecedented improvement of the economic conditions for everybody in the developed economies and later, since the middle 70’s, with a shift towards inequality that followed a change of both the economic and the management theories (often called neoliberalism) and their application into real-world’s economies and management practices. We next go to the existing academic literature in management and justice to discuss in more depth the current problems, to show how bad management has been at the same time the cause and the consequence of such problems; and, finally, we put forward some proposals in terms of management and justice that we believe should be incorporated in companies and organizations to help solving the problems and generate improvements for the actual unrest and the existing divided society.
Cugueró-Escofet, N. and Rosanas, J. (2022). Inequality, Economism and Bad Management. European Accounting and Management Review, 8(2), 43-67.
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