Edward Elgar is publishing a new
book on the history of the corporation in the United States.
ABOUT THE BOOK
This insightful book traces the
evolution of corporate power in the United States, from social control over
corporate power under early state laws to the modern liberation of the
corporation serving primarily private purposes. It illustrates how the
transition of attitudes towards corporations and dynamic changes in public
policy have ushered in an age of financial fragility, income inequality and
macroeconomic instability.
The book employs an evolutionary methodology to consider the role of the
corporation in the US economy, and how that role as a tool for public purposes,
defined by special charters, changed with the widening of markets and
increasing industrial capacity for mass production. Evaluating the stages of
capitalist development, chapters demonstrate how the co-evolution of law,
economics and finance altered economic organization, leading to the evolution
of core economic concepts such as capital, income and resources. The book
examines the transition of corporate purpose towards generating wealth and
enhancing profits in the early twentieth century and analyzes recent trends
through illuminating case studies in financialization. It concludes with
crucial insights into the future of the corporation, offering potential
pathways for economists to intervene and address the systemic problems that are
endemic to the modern financial era.
A rousing and provocative call to arms for modern economists, this book is key
reading for scholars and researchers of economics, particularly those focusing
on the evolution of economic and business institutions and its impact on the
social fabric of the US. Practitioners and policy makers will also benefit from
its empirical perspectives on financialization.
ABOUT THE AUTHORS
Glen Atkinson, Foundation
Professor Emeritus, University of Nevada, Reno, Nevada, Eric R. Hake, Elias B.
Saleeby Professor of Economics, Catawba College, Salisbury, North Carolina and
Stephen P. Paschall, Lovett Bookman Harmon Marks LLP and Adjunct Professor of
Law, University of Pittsburgh Law School, Pittsburgh, Pennsylvania, US
TABLE OF CONTENTS
1. Financialization and the
corporation in the twenty-first century 2. Capitalist development 3. Widening
of the market and the transition from scarcity to abundance 4. Role of the
corporation 5. Failure of federal policy to achieve social control 6.
Corporations and finance 7. Case studies in financialization 8. Creating the
path forward by social control References List of cases Index
More info here
No comments:
Post a Comment