X-Efficiency, Organizational Efficiency and Indian Economic Thought: Thirukkural
Author(s)
Chendroyaperumal, Chendrayan
Abstract
Harvey Leibenstein of the Harvard University proposed a concept X-Efficiency, and considered it as the missing link in micro-micro economic foundations, that determined the organizational efficiency more than the allocative efficiency. This paper attempts to highlight that ‘X-efficiency’ is not only very critical for organizational efficiency fully agreeing with Harvey Leibenstein but also highlights that ‘X-efficiency’ is nothing new to Indian Economic Thought and that this concept is known since more than 2000 years at the least from Thirukkural.
