Crisis and hyper-ideological (un)consciousness

Markus Kallifatides

Scandinavian Journal of Management, 2011, vol. 27, issue 1, 140-150

Abstract: Summary The purpose here is to carve out a position in debates on management teaching by remembering the origins of the agency theory of the firm. In this speculative piece, I formulate precisely what role agency theory may have played in the ongoing global financial crisis. A reading of a recently published text written by leading agency theorists attests to the deeply ideological origins of their work. My article is an attempt to isolate a case of hyper-ideological (un)consciousness, which seeks to assist in building a collective capacity for recognizing what I hold to be its secret kernel: the prevention of ambitious people from reading the works of Karl Marx - a proponent of agency theory's assumptions about behaviour in capitalism.

Keywords: Ideology; Agency; theory; Financial; crisis; Hyper-ideological; thought; Case; of; Exorcism; Karl; Marx (search for similar items in EconPapers)
Date: 2011
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