Managerial capitalism 2.0

Authored by: John Quail

The Routledge Companion to Business History

Print publication date:  December  2016
Online publication date:  December  2016

Print ISBN: 9780415855563
eBook ISBN: 9780203736036
Adobe ISBN: 9781135007836

10.4324/9780203736036.ch6

 Download Chapter

 

Abstract

“Managerial” capitalism is a name for the economic system of North America and Western Europe in the mid-twentieth century, a system in which production is concentrated in in the hands of large joint-stock companies. In many sectors of economic activity the classical entrepreneur has virtually disappeared… As a result (so a substantial body of writers have suggested), entrepreneurship in the modern corporation has been taken over by transcendent management, whose functions differ in kind from those of the traditional subordinate or “mere manager”. These people, it is argued, can wield considerable power without necessarily holding equity, sharing profits or carrying risks.

 Cite
Search for more...
Back to top

Use of cookies on this website

We are using cookies to provide statistics that help us give you the best experience of our site. You can find out more in our Privacy Policy. By continuing to use the site you are agreeing to our use of cookies.