By John Micklethwait, Adrian Wooldridge
ISBN-10: 0679642498
ISBN-13: 9780679642497
From the acclaimed authors of A destiny ideal comes the untold tale of the way the corporate grew to become the world’s strongest institution.
Like all groundbreaking books, the corporate fills a gap we didn’t be aware of existed, revealing that we won't make experience of the earlier 400 years till we position that doubtless humble Victorian innovation, the joint-stock corporation, within the middle of the body.
With their trademark authority and wit, Economist editors John Micklethwait and Adrian Wooldridge exhibit the corporate to be one in every of history’s nice catalysts, for stable and for in poor health, a effective engine for sucking in, recombining, and pumping out funds, items, humans, and tradition to each nook of the globe. What different earthly invention has the ability to develop to any dimension, and to dwell to any age? What else may have given us either the inventory industry and the British Empire? the corporate guy, the corporate city, and corporate time? Disneyfication and McDonald’sization, to assert not anything of Coca-colonialism? via its many mutations, the corporate has continuously incited controversy, and governments have constantly fought to rein it in. this present day, even though Marx may perhaps spin in his grave and anarchists insurrection within the streets, the corporate workouts an unprecedented impression at the globe, and figuring out what this creature is and the place it comes from hasn't ever been a extra urgent topic. To the rescue come those acclaimed authors, with a quick quantity of really immense diversity and perception.
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Extra info for The Company: A Short History of a Revolutionary Idea
Sample text
Smith did recognize the deleterious moral effects of the extended division of labour on workers’ character and intellectual ability (1776, vol. 11 This is why he insisted – as a therapy to alienation – upon the necessity of the systematic cultivation of ethical citizenry through education (Evensky 2001: 515). Overall, he had great faith in the civilizing force of economic development and subsequent social progress: commerce and manufactures gradually introduced order and good government, and with them, the liberty and security of individuals, among the inhabitants of the country, who had before lived in a continual state of war with their neighbours, and of servile dependency upon their superiors.
The answer lies, in our view, in his determination to create a homogeneous and mathematical field of analysis by means of analogy. Having thus in mind that the “mechanical science is founded upon a few simple laws of motion”, Jevons looked for analogous “universal principles of human nature”. He took the principles of Bentham’s utilitarianism and Alexander Bain’s associationism as the psychological framework for his mathematical approach and accepted them as axioms “almost as self-evident as the Elements of Euclid”.
13 There is no consensus in the literature as to whether or not Mill suggested the possibility of improvement of economic theory by means of verification. Hollander (1985: 126), DeMarchi (1986: 94), Persky (1995: 225) and Hollander and Peart (1999: 375–376) hold that taking account of “disturbing causes”, omitted during the theoretical construction, was necessary to the full explanation of economic phenomena. On the contrary, Hirsch (1992, 2000) and Peart (1995a), hold that this procedure of verification and correction refers exclusively to the application of economic theory for practical purposes.
The Company: A Short History of a Revolutionary Idea by John Micklethwait, Adrian Wooldridge
by Thomas
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