The American Corporation Today: Examaning the Questions of Power and Efficiency at the Century's end / Edition 1

The American Corporation Today: Examaning the Questions of Power and Efficiency at the Century's end / Edition 1

by Carl Kaysen, Carl Kaysen
     
 

ISBN-10: 0195104927

ISBN-13: 9780195104929

Pub. Date: 10/28/1996

Publisher: Oxford University Press, USA

Not since Edward Mason's classic book The Corporation in Modern Society appeared in 1959 has anyone compiled an authoritative overview of the American business firm. Such a survey is now clearly overdue, for in the last thirty years both the corporation and the business environment has changed radically. In The American Corporation Today, Carl Kaysen and other

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Overview

Not since Edward Mason's classic book The Corporation in Modern Society appeared in 1959 has anyone compiled an authoritative overview of the American business firm. Such a survey is now clearly overdue, for in the last thirty years both the corporation and the business environment has changed radically. In The American Corporation Today, Carl Kaysen and other leading students of business and markets from around the country provide a much-needed analysis of American corporate life at the end of the century.
Here is the American corporation from every angle—its postwar history, its relation to the law, its financing, its impact on technological innovation, its role as employer and as political force, and much more. The contributors—all of whom are recognized experts in their fields—not only tackle many of the same key areas that the contributors to Mason's classic study looked at, but they also illuminate issues that have only arisen in recent years. For instance, Raymond Vernon describes the increasing globalization of American business, where the net income from operations outside the U.S. is now nearly half of that from domestic operations (as opposed to one-tenth in the 1950s). James Q. Wilson traces how the corporation has become a full-time political actor, showing how it reinvented its political strategy and tactics in the 1960s in the face of a wave of new consumer, environmental, and worker health legislation. Gregory Acs and Eugene Steuerle show how the corporation promotes the commonweal, acting as agent for the employee in purchasing pension, health, and other welfare benefit plans, while Lester Thurow casts a critical eye at the decline of median real wages of American males over the last twenty years (never before have a majority of American workers suffered real wage reductions while the real per capita gross domestic product was increasing). In other pieces, corporate finance experts Charles Calomiris and Carlos Ramirez advocate removing legal constraints on financial institutions that prevent them from providing the full range of business financing from short-term debt to equity, Michael Useem looks at the rise of education and training as a vexing corporate issue, and Barbara Bergmann discusses the increasingly diverse work force, arguing that ending bias is in the corporation's best interest. And finally Neil Harris provides a fascinating discussion of architecture, exploring how companies have become the principle patrons of important architecture since the 1950s.
Vital to everyone concerned with American big business today, this collection is sure to become the new standard upon which future studies of the corporation will be built.

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Product Details

ISBN-13:
9780195104929
Publisher:
Oxford University Press, USA
Publication date:
10/28/1996
Edition description:
New Edition
Pages:
512
Product dimensions:
6.50(w) x 9.50(h) x 1.53(d)
Lexile:
1590L (what's this?)

Table of Contents

Foreword
Contributors
1Introduction and Overview3
2The Rise and Transformation of the American Corporation28
3How American Is the American Corporation?74
4From Antitrust to Corporation Governance? The Corporation and the Law: 1959-1994102
5Financing the American Corporation: The Changing Menu of Financial Relationships128
6The U.S. Corporation and Technical Progress187
7The American Corporation as an Employer: Past, Present, and Future Possibilities242
8The Corporation Faces Issues of Race and Gender269
9Corporate Education and Training292
10The Modern Corporation as an Efficiency Instrument: The Comparative Contracting Perspective327
11The Corporation as a Dispenser of Welfare and Security360
12Almost Everywhere: Surging Inequality and Falling Real Wages383
13The Corporation as a Political Actor413
14Architecture and the Business Corporation436
Index487

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