Name: The American Corporation Today
Author: Carl Kaysen
ISBN: 9780195104929

The American Corporation Today book cover

The American Corporation Today

Author(s): Carl Kaysen

Publisher: OUP USA
Publication Date: 16 Jan. 1997
Language: English
Print length: 512 pages
ISBN-10: 0195104927
ISBN-13: 9780195104929

Book Description

Not since Edward Mason’s groundbreaking book, The Corporation in Modern Society has there been a broad survey of the contemporary large business corporation. This book fills that need.
Carl Kaysen has assembled a group of experts who examine the many aspects of the corporation including its historical evolution, its relation to the law, its financing, its contribution to technology, its role as employer, race and gender issues within it, its role as political actor, and even how it has become an architectural patron. The many voices within the book also debate the question of deregulation and possible dangers that could result from an abuse of corporate power.
The book will be the new standard on the American corporation on which future studies will build.

Editorial Reviews

Review

“The American Corporation Today is an extraordinary and valuable collection of essays. Probably no other institution in America is as important to our economic welfare as large, publicly traded corporations. Yet, in the three and a half decades since Edward S. Mason and others examined the nature and social role of corporations in The Corporation in Modern Society, no other group of authors as distinguished and experienced as the group responsible for this book has attempted such an ambitious study. The authors of this collection bring to the task the wisdom and experience of many decades of study of American corporations, as well as fresh insights from economic, political, sociological, and legal analysis.”–Margaret M. Blair, Senior Fellow, The Brookings Institution “This is a monumental undertaking and is the best book on the American corporation since the 1932 Berle and Means classic on the modern corporation. It will be essential reading for every student and executive concerned with corporate America.”–Warren Bennis, University Professor and Distinguished Professor of Business Administration, USC, and author of Organizing Genius: The Secrets of Creative Collaboration. “Academic and larger libraries should consider this important, scholarly work…”–Booklist

Book Description

An authoritative overview of the American corporation at century’s end

From the Back Cover

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 onfinancial 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.

About the Author

Carl Kaysen is D. W. Skinner Professor of Political Economy Emeritus at the Massachusetts Institute of Technology.

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The American Corporation Today

Book Description

Editorial Reviews

Review

Book Description

From the Back Cover

About the Author

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