Personnel Economics in Practice

by Edward P. Lazear, Mike Gibbs

"Personnel Economics in Practice, 3rd Edition" by Edward Lazear and Michael Gibbs gives readers a rigorous framework for understanding organizational design and the management of employees. Economics has proven to be a powerful approach in the changing study of organizations and human resources by adding rigor and structure and clarifying many important issues. Not only will readers learn and apply ideas from microeconomics, they will also learn principles that will be valuable in their future careers.

Genres: Economics, Nonfiction

416 pages, Paperback

First published January 1, 2008

Reviews

[Gerrit Gmel · Rating 2 out of 5]

I feel strongly that if you have nothing to say, you shouldn't say anything. This book breaks that rule so hard it's not even funny.

It's an endless laundry list of banalities. The attempts at adding math and graphs are so contrived that they make me think the authors are surrounded by smart people and are trying to imitate them to fit in, not realising that all they do is pose. It's like watching five-year-olds play football and having them genuinely believe they're on par with World Cup teams.

An absolute waste of time, waste of paper, and waste of space on my bookshelf. Please do not read this. Stop making it mandatory reading for classes. A five-minute YouTube video or a two-page AI summary will do just fine.

The only reason why I give it 2 stars instead of 1 is that I don't think reading it makes you a 'worse person' as per my rating criteria...

I'm gonna make myself a cup of coffee, sit outside, and try to forget how much of my time on this earth has been wasted reading this garbage.

[Justin · Rating 5 out of 5]

The most helpful and engaging textbook I have ever read. Actually, it was probably the only textbook that I have read cover to cover. I almost feel bad in this review calling it a textbook, because it reads so smoothly, and provides so many specific examples and stories to draw in the reader.

This book provides a strategic framework for entrepreneurs, managers, and hr business partners to make decisions with an understanding of trade-offs. How should you organize your firm? What are the advantages and disadvantages to a centralized/decentralized company? How should you design performance management and compensation systems? This book gives us the tools to make more informed and logical decisions.

In my mind this book should be read by anyone who is interested business. This book is a valuable resource that keeps giving.