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Understanding Leadership in Complex Systems - A Praxeological Perspective (Hardcover, 1st ed. 2016)
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Understanding Leadership in Complex Systems - A Praxeological Perspective (Hardcover, 1st ed. 2016)
Series: Understanding Complex Systems
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This work proposes that Carl Menger's Subjective Theory of Value
(STV), and its subsequent elaboration by Ludwig von Mises as
Praxeology, provides a useful alternative to more common methods in
the study of action and social phenomena, and more specifically, to
leadership in complex social systems. Rather than being based on
rationality assumptions and algorithmic predictability, the STV
emphasizes transient subjectivity shaped by a complex world of
lacking information, mistakes, disequilibrium, uncertainty and
attempted error correction that defy mathematization and exact
prediction. As such, it is a framework to make sense of human
action systems in terms of subjective understanding, learning, and
uncertainty, rather than quantitative predictability. Accordingly,
the aim of this work is to explain the STV as a general theory of
action and to demonstrate its capability in developing adequate
qualitative theory and to elaborate on some of the major topics
that its implications raise with regard to leadership. The power of
the method can be seen in that its procedure naturally branches out
to facilitate an understanding of a broad selection of processes
and may provide the basis for a universal theory of leadership.
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