Two Authority Structures in the Economy

A second authority structure, called a management system, is emerging in the technological milieu of the information age. The new construct, that operates in a framework of Judaeo‐Christian ethics, must replace the political system. This latter mechanism is the original authority structure which has traditionally been bounded by situation ethics. Supplanting the political system with the management system is an essential condition in the knowledge‐based economies of advanced societies if they are to achieve their full productive potential.