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Foucault's corollary: agency theory and the economics of self-monitoring

Nilmini Wickramasinghe and Roberta Lamb

International Journal of Networking and Virtual Organisations, 2009, vol. 6, issue 3, 225-258

Abstract: In a knowledge economy, the management of an organisation's human capital is critical and prudent management often translates into the attainment of a sustainable competitive advantage. The interaction of knowledge workers with Information and Communication Technologies (ICTs) has presented a particularly interesting dynamic to researchers who study changes in related behavioural phenomena. One such phenomenon is self-monitoring. This paper examines the economics of self-monitoring and the integral role of ICTs in enabling knowledge workers to self-monitor. By merging Foucault's power/knowledge ideas with classical agency theory, we gain a richer understanding of human capital dynamics in a knowledge economy.

Keywords: agency theory; self-monitoring; knowledge workers; power; Foucault; human capital; ICT; knowledge economy. (search for similar items in EconPapers)
Date: 2009
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