Why did I love this book?
For decades, I was unsatisfied with the definitions of “leadership” I would read. For one thing, they failed to account for why we need the term “leader” when the more humdrum “manager” would do just fine. To me, the word "leader" will always be linked to 20th-century fascism, so I'm reluctant to use the word casually. Additionally, many conventional definitions of leadership are just laundry lists of virtuous behavior we’d really like to see in anyone, not just “leaders.”
At the same time, I was fascinated with game theory. This book brought those two strands, leadership and game theory, together.
Miller opened my eyes to the fact that there was something that could be called “leadership” that helped explain a nagging puzzle in game theory, namely how we are able to overcome social dilemmas and cooperate with each other, even in the absence of brute incentive systems provided by “mere” management.
1 author picked Managerial Dilemmas as one of their favorite books, and they share why you should read it.
In organisation theory a schism has developed between the traditional organisational behaviour literature, based in psychology, sociology and political science, and the more analytically rigorous field of organisational economics. The former stresses the importance of managerial leadership and cooperation among employees, while the latter focuses on the engineering of incentive systems that will induce efficiency and profitability, by rewarding worker self-interest. In this innovative book, Gary Miller bridges the gap between these literatures. He demonstrates that it is impossible to design an incentive system based on self-interest that will effectively discipline all subordinates and superiors and obviate or overcome the…