Theory of Conventional Management

It was found after the Second World War in 1945. It was meant to build back the countries in Europe that became the victims of the war. It starts with the Western Epistemology and their World-view. The Western Development philosophy is neoclassical, the philosophy's core and basic is the Growth theory and the next step is, the Growth and Distribution theory (improvement).

The West thinks that the economy can be brought up through the Distribution theory, because the economy can then be stable and unbiased. Distribution Theory was the way to achieve this, so they needed the TRIKLE DOWN EFFECT (Kesan penitisan ke bawah). But it turned up that it didnt happen fast enough and efficient enough. Instead something else happened, expertative relationship. It turn out that the Distribution theory ruined the people. The rich was getting richer and the poor was getting poorer. The oppression (penindasan) began the spread.

SUMMARY

Neoclassical Development: Redistribution and Growth Theory, it means free MARKET and free COMPETITION/PERFECT COMPETITION

Free Competition means the item supplier in the market will have no such law on how, where, and when to market their products. They decide how much is the quantity of the products that needs to be in the market. The government do not have any power of control on it. On the other hand the consumers will actually be the indicator for how much product needs to be in the market and this is called Free Market.

This way, the economy will be strong and it will motivate the people (suppliers) to work and make effort independently.

The West then came up with another theory that was introduced by Karl Marx. He created another philosophy, it was called Radical. Under the Radical philosophy is the Structure Theory.