The Modern Corporation and American Political Thought: Law, Power, and Ideology / Edition 1

The Modern Corporation and American Political Thought: Law, Power, and Ideology / Edition 1

by Scott Bowman
     
 

Despite all that has been written about business and its role in American life, contemporary theories about the modern corporation as a social and political institution have failed to explain adequately the pervasiveness and complexity of corporate power in the twentieth century. Through an analysis of history, law, ideology, and economics that spans two centuries,

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Overview

Despite all that has been written about business and its role in American life, contemporary theories about the modern corporation as a social and political institution have failed to explain adequately the pervasiveness and complexity of corporate power in the twentieth century. Through an analysis of history, law, ideology, and economics that spans two centuries, Scott R. Bowman attempts to offer a complete interpretation of the way corporate power has achieved its dominant position in American society today.

In The Modern Corporation and American Political Thought, Bowman demonstrates how judge-made and statutory laws have structured and regulated the growth of corporate power while preserving corporate autonomy. The argument unfolds within a historical framework that reconstructs the evolution of the corporation with reference to its two dimensions of power: internal (within the enterprise) and external (in society at large). Bowman examines and revises Marxist, pluralist, and managerial theories to develop his own political theory about class conflict and corporate power and offers fresh interpretations of the political thought of Herbert Croly, Walter Weyl, Thorstein Veblen, Peter F. Drucker, Adolph A. Berle, and John Kenneth Galbraith. Ultimately, this book sets forth the first political theory that adequately accounts for the power of the modern corporation in all its dimensions.

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Product Details

ISBN-13:
9780271014739
Publisher:
Penn State University Press
Publication date:
12/04/1995
Edition description:
New Edition
Pages:
448
Product dimensions:
6.00(w) x 9.00(h) x 1.06(d)

Meet the Author

Scott R. Bowman is a lecturer in Public Law and Political Theory in the Department of Political Science, University of California, Los Angeles.

Table of Contents

Preface
1Corporate Power1
2Corporate Power and American Liberalism5
3Corporate Power and the Law10
4Corporate Power and Political Theory14
2The Rise of the Large Corporation: Law and Legal Theory35
2English Law and the Colonial Heritage38
3The Formative Era41
4Constitutional Law and the Rise of Corporate Power53
5The Early Development of Antitrust Law: Regulating Corporate Power in the Marketplace61
6The Progression Toward Corporate Autonomy69
3The Reconstruction of American Liberalism75
1Corporate Power and the Progressive Movement75
2Herbert Croly: The Liberal Faith and the Corporate Reconstruction of America80
3Walter Weyl: Plutocratic Power and the Politics of Affluence91
4Thorstein Veblen: Exploit Versus Efficiency - Corporate Rule and the Modern Industrial System104
5The Reconstruction of American Liberalism121
4The Consolidation of Corporate Power: Law and Legal Theory125
1The Consolidation of Corporate Power125
2The Legal Foundation of Corporate Oligarchy130
3Corporate Social Responsibility, the Law, and Politics138
4Regulating the Corporate Citizen: Wealth, Power, and the Political Marketplace in First Amendment Jurisprudence154
5Restructuring Corporate Power for the Global Marketplace168
6The Evolution of Corporate Individualism180
5The Managerial Theory of Corporate Power185
1The Managerial Thesis185
2Peter F. Drucker: Political Theorist of the Corporate Society191
3Adolf A. Berle: Corporate Power, Pluralism, and "The City of God"203
4John Kenneth Galbraith: Technology Unbound - Corporate Power and the Demiurge of Modern Society218
5Corporate Liberalism and Managerial Theory230
6Toward a Political Theory of the Corporation237
2Who Rules the Corporation?238
3The State of the Art: Theories of Corporate Power246
4A Class Analysis of Corporate Power265
7Looking Backward to the Future of Transnational Corporate Power286
1Transnational Enterprise in the Era of Postimperialism286
2The Modern Doctrine of Free Trade291
3The Corporate Reconstruction of the Global Political Economy296
4Looking Backward to the Future303
Notes305
Selected Bibliography393
Table of Cases415
Index419

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