Publication details
Soukromé zájmy, jako předpoklad vzniku veřejné správy: akciová společnost v roli státu
| Title in English | Private interests as assumption for creation of public administration: join stock company in the role of state |
|---|---|
| Authors | |
| Year of publication | 2017 |
| Type | Article in Periodical |
| Magazine / Source | Scientia et Societas |
| MU Faculty or unit | |
| Citation | |
| Web | https://www.sets.cz/index.php/ojs/issue/view/22 |
| Field | Management and administrative |
| Keywords | public administration; personal interest; market; Hudson’s Bay Company; public wealth |
| Description | Personal interest is one of the most important part of economy interaction. According economic theory is personal interest the only motivation to be part of market. As Mandevill has shown in the “Fable of the bees”, without personal interest our wealth decrease. This mechanism is same in public sector and self interest can be one of strongest instrument of public administration. This fact illustrates one example from history. In 1670 was established Hudson’s Bay Company, which substituted state for two hundred years. Backbone of public administration was market. The success of company was based on the motivation and self interest. Each of employees was also resident of Hudson’s Bay Company state. Self interest was demonstrated thru profit. If we compare public administration of Hudson’s Bay Company and other colony in North America, Hudson’s Bay Company was always more successful than others. |