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AFTER CERTAINTY

Person

Michael C. Jensen

Economists of agency theory, shareholder primacy, and corporate governance as contracting problem.

Why this matters

Jensen and Meckling sediment incentives discourse—when moral language becomes alignment math.

Focus in observatory

Works

article

Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure.

Jensen, Michael C., and William H. Meckling. "Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure." *Journal of Financial Economics* 3, no. 4 (1976): 305-360.

Related books

Book

Coupling

Cohesion, Consequence, and the Architecture of Responsibility

A practical framework for seeing where systems are tightly joined, where they drift apart, and how those coupling choices shape accountability over time.