The Corporation and the Twentieth Century (eBook)

The History of American Business Enterprise

Richard N. Langlois (Autor)

eBook Download: EPUB

2023
816 Seiten
Princeton University Press (Verlag)
978-0-691-24752-6 (ISBN)

Infos

A definitive reframing of the economic, institutional, and intellectual history of the managerial eraThe twentieth century was the managerial century in the United States. An organizational transformation, from entrepreneurial to managerial capitalism, brought forth what became a dominant narrative: that administrative coordination by trained professional managers is essential to the efficient running of organizations both public and private. And yet if managerialism was the apotheosis of administrative efficiency, why did both its practice and the accompanying narrative lie in ruins by the end of the century? In The Corporation and the Twentieth Century, Richard Langlois offers an alternative version: a comprehensive and nuanced reframing and reassessment of the economic, institutional, and intellectual history of the managerial era.Langlois argues that managerialism rose to prominence not because of its inherent superiority but because of its contingent value in a young and rapidly developing American economy. The structures of managerialism solidified their dominance only because the century's great catastrophes of war, depression, and war again superseded markets, scrambled relative prices, and weakened market-supporting institutions. By the end of the twentieth century, Langlois writes, these market-supporting institutions had reemerged to shift advantage toward entrepreneurial and market-driven modes of organization.This magisterial new account of the rise and fall of managerialism holds significant implications for contemporary debates about industrial and antitrust policies and the role of the corporation in the twenty-first century.

Produkt-Details

• Erscheint lt. Verlag: 27.6.2023
• Reihe/Serie: The Princeton Economic History of the Western World
• Reihe/Serie: The Princeton Economic History of the Western World
• Sprache: englisch
• Themenwelt: Geisteswissenschaften ► Geschichte ► Regional- / Ländergeschichte
• Themenwelt: Geschichte ► Teilgebiete der Geschichte ► Wirtschaftsgeschichte
• Themenwelt: Sozialwissenschaften ► Politik / Verwaltung ► Staat / Verwaltung
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Unternehmensführung / Management
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Wirtschaftspolitik
• Schlagworte: Anschluss • bessemer process • Capitalism • Clayton Antitrust Act • Competition • Competition Law • consumer • corporate group • Customer • Deregulation • Diversification (marketing strategy) • Drexel Burnham Lambert • DuPont • Economics • economist • economy • Employment • Federal Reserve Note • Federal Trade Commission • Finance • General Motors • Hepburn Act • Herbert Hoover • IBM • IG Farben • income • Inflation • John Maynard Keynes • Joseph Schumpeter • Keynesian Economics • Lehman Brothers • Manufacturing • Mass production • Microsoft • monetary policy • National Industrial Recovery Act • NCR Corporation • Ownership • Populism • Price controls • Recession • Research and Development • Revenue Act of 1921 • Ronald Coase • second industrial revolution • Securities Act of 1933 • Shakeout • Sherman Antitrust Act • Sherman Silver Purchase Act • Silver purchase act • Smoot–Hawley Tariff Act • Standardization • Standard Oil • Subsidiary • tariff • Tax • Technology • The Great Atlantic & Pacific Tea Company • The Modern Corporation and Private Property • Thorstein Veblen • Trade association • U.S. Steel • vertical integration • War Industries Board • William Borah • William Randolph Hearst • Woodrow Wilson • World War I • World War II • Zaibatsu
• ISBN-10: 0-691-24752-8 / 0691247528
• ISBN-13: 978-0-691-24752-6 / 9780691247526