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Managerial Capitalism in Retrospect - Robin Marris

Managerial Capitalism in Retrospect

Hardcover

Published: 26th October 1998
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An updated revisting of the themes of Robin Marris' classic The Economic Theory of Managerial Capitalism (1964). This was widely recognised as pathbreaking as it was the first attempt by a professional economist to make a formal theory of the behaviour 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 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 Marris' substantive response to the debate which the original book created.

'In this brilliant book , Mr Marris is laying siege to one of the most fundamental assumptions of economics...This is a very important book. I have elsewhere made clear my own debt to Mr Marris. Many others are certain to discover that he repays the most careful study.' - John Kenneth Galbraith

New Introduction
Original Introduction and Preface
The Institutional Frameworkp. 1
Motives and Moralsp. 22
Concepts and Methodsp. 60
'Demand'p. 73
Managerial Theories of the Firmp. 108
The Completed Micro Modelp. 122
Behaviour and Evidencep. 135
Possible Macro Implicationsp. 143
Notes and Referencesp. 166
Author Indexp. 179
Subject Indexp. 181
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9780333588888
ISBN-10: 0333588886
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 186
Published: 26th October 1998
Publisher: Palgrave Macmillan
Country of Publication: GB
Dimensions (cm): 21.6 x 14.0  x 2.1
Weight (kg): 0.42
Edition Number: 1