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Books > Business & Economics > Business & management > Ownership & organization of enterprises
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Managerial Capitalism in Retrospect (Hardcover, 1998 ed.)
Loot Price: R2,853
Discovery Miles 28 530
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Managerial Capitalism in Retrospect (Hardcover, 1998 ed.)
Expected to ship within 10 - 15 working days
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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 market
environment on the one hand, and the needs, interest and
aspirations of both managers and shareholders on the other.
Managers in particular were shown to trade desire for growth
against fear of takeover. These then novel important features of
modern capitalism--mergers, takeovers and executive bonuses and the
relationship between the growth of firms and the growth of the
economy--have become increasingly topical. The new book contains
the original introduction along with reworked and updated coverage
of the theoretical model, along with completely new chapters both
of micro-theory and assessing and responding to the debate which
the book created.
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