Managerial Capitalism in Retrospect

This is an updated and edited version of Robin Marris' classic The Economic Theory of Managerial Capitalism (1964). This was widely recognized as pathbreaking as it was the first attempt by a professional economist to make a formal theory of the behavior and growth of a large-scale "managerial" corporation based on a realistic assessment of the sociological and institutional environment. The model determined the long run growth rates of individual firms on the basis of the financial and mar...