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Organizational Theory: So Far, So Good... So What? Organizational theory has moved a great distance from the beginning of the 20th century; it has an even greater distance to go. The narrative of the development of organization theory begins with scientific management (Taylor 1911),1 continues through classical bureaucratic studies (Weber and Gerth 1958) and so-called "natural"2 approaches (Barnard 1938), but then splits into two very different open-systems categories. One is a rational, economic/political branch, which starts with bounded rationality (March and Simon 1958), moves through contingency theory (Lawrence and Lorsch 1967), then (much) later blooms into the "new economics of organization," based on theories that seek to explain the existence and structure of organizations as solutions to cooperation or coordination problems; here the exemplar is transaction cost (Williamson 1985) economics. The other is a natural, sociological/psychological branch, which includes garbage can theory (March and Olsen 1986), population ecology (Hannan and...

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