The Law of Escalating Marginal Sacrifice : Explaining a Plethora a Heretofore Unresolved Motivation Phenomena
by
Phil Grant
Book Details
Format
Hardback or Cased Book
ISBN-10
0761827803
ISBN-13
9780761827801
Publisher
University Press of America
Imprint
University Press of America
Country of Manufacture
US
Country of Publication
GB
Publication Date
Jan 6th, 2004
Print length
284 Pages
Weight
494 grams
Dimensions
22.50 x 14.30 x 2.60 cms
Product Classification:
Philosophy
Ksh 12,950.00
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0 in stock
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This book presents a new law of human behavior founded by the author some twenty-five years ago, but not proclaimed as a law until now. The Law of Escalating Marginal Sacrifice (LEMS) states that when a person exerts more effort pursuing a job, task, or goal, the negative outcomes, or costs experienced by the person as a result of the higher effort exerted, rise at an increasing rate_the rate of increase accelerating rapidly as one''s effort capacity is approached. Such a relationship, between effort exerted and perceived costs associated with that effort, has profound implications for managing people in the workforce. This relationship provides a vital framework for integrating the theory of the firm with the theory of individual behavior_a synthesis too long neglected.
This book presents a new law of human behavior founded by the author some twenty-five years ago but not proclaimed as a law until now. It has taken the past twenty-five years to accumulate evidence sufficient to ''move'' what was originally a tentative postulation to the status of an indisputable law- a relationship that applies across all people in all situations. This Law of Escalating Marginal Sacrifice (LEMS) states that when a person exerts more and more effort pursuing a job, task, or goal, the negative outcomes, or costs experienced by the person, as a result of the higher effort exerted, rise at an increasing rate-_the rate of increase accelerating rapidly as one''s effort capacity is approached. Such a relationship, between the effort exerted and the perceived costs associated with that effort, has profound implications for managing people in the workforce. Further, this relationship provides a vital framework for integrating the theory of the firm with the theory of individual behavior_a synthesis too long neglected.
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