"The problem is one in the general physiology of society. The continuance of life and health for any individual depends on maintenance of a moving organic equilibrium within certain definite limits of tolerance. The daily work of the world is done by individuals living their specialized economic and social lives within a moving equilibrium... But specialized progress brought uneven social and economic developments and serious maladjustment. General equilibrium is lost. The limits of tolerance, the margins of safety, are exceeded."
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Academics from the United StatesEconomists from the United StatesBusiness theorists from the United States
Original Language: English
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p. 423; as cited in: Wallace Donham at Hmolpedia, 2015
https://en.wikiquote.org/wiki/Wallace_Brett_Donham
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Wallace Brett Donham
1919 – 1942
Wallace Brett Donham (1877 – November 29, 1954) was an American organizational theorist, Professor of Business Administration and the second dean of the from 1919-1942. The use of case studies in HBS education was greatly expanded during Donham's time as dean.
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