Concept information
Preferred term
principal-agent theory
Definition
- Principal-agent theory is based on a hierarchical notion of political relationships that traces back to the politics-administration dichotomy first enunciated by Woodrow Wilson in 1887. Politics involves deciding who gets what, while administration deals with how—and arguably, when—it is delivered. [Source: The Encyclopedia of Political Science; Principal-agent Theory]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/principal-agent_theory
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