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Organisation

In: The Economics of Alfred Marshall

Author

Listed:
  • David Reisman

Abstract

Land, labour and capital are inputs which are not by themselves any more capable of producing output than ingredients such as eggs, bacon and tomatoes are by themselves capable of deciding to be and then becoming a wholesome omelette. A fourth input is needed if land, labour and capital are ever to be more than inert and sterile potential, a fourth ‘distinct agent of production’1 which takes on the vital task of making choices and coordinating plans. That fourth input is organisation: ‘To carry on a great business nothing much is wanted except to organise it properly; but then that is just the difficulty. It is as easy as beating the big drum in an orchestral concert. Nothing more is needed than that you should do the right thing at the right time, but there are not many people who can do it.’2

Suggested Citation

  • David Reisman, 1986. "Organisation," Palgrave Macmillan Books, in: The Economics of Alfred Marshall, chapter 11, pages 283-321, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-08515-6_11
    DOI: 10.1007/978-1-349-08515-6_11
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