Corporate Capital - Control, Ownership, Saving and Crisis (Paperback, New Ed)

This book looks at the role of the modern corporation in advanced capitalist countries. In particular it considers corporate control and shareownership and the impact of these on consumers' choice, the mobilization of financial capital, the saving function, and the question of the potentially inherent tendency towards stagnation and crisis. The author suggests that there is a tendency towards social ownership of the means of production in modern capitalist economies, directly via share purchase and indirectly via, e.g., occupational pension funds, while at the same time control and appropriation remain vested in a small minority. This is shown to affect financial capital accumulation and the saving function, since the competition between giant corporations encourages their controllers to increase corporate saving above the level desired by small shareholders who are suggested to be unable fully to compensate for such increases by their actions.

General

Imprint:	Cambridge UniversityPress
Country of origin:	United Kingdom
Release date:	August 2004
First published:	1987
Authors:	Christos Pitelis
Dimensions:	229 x 153 x 9mm (L x W x T)
Format:	Paperback - Trade
Pages:	148
Edition:	New Ed
ISBN-13:	978-0-521-60745-2
Categories:	Books > Business & Economics > Industry & industrial studies > General Books > Business & Economics > Economics > Economic systems > General
LSN:	0-521-60745-0
Barcode:	9780521607452

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