"As with all theories, we can learn something from agency theory and transaction-costs economics, since they emphasize something others hide. But as with all theories, they also distort; in fact, I will argue that their distortions outweigh the value of what they highlight."
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Original Language: English
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Charles Perrow (1972), Complex organizations: a critical essay, Glenview, IL: Scott, Foresman, and Company; y (3rd ed.). Random House, 1986. p. 220
https://en.wikiquote.org/wiki/Principal%E2%80%93agent_problem
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Principal–agent problem
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