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Narrating the Rise of Big Business in the USA : How economists explain standard oil and Wal-Mart - Anne Mayhew

Narrating the Rise of Big Business in the USA

How economists explain standard oil and Wal-Mart

Hardcover Published: 1st October 2008
ISBN: 9780415775342
Number Of Pages: 208

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This is a story about stories and specifically about some of the stories that Americans have told themselves about corporate economic power. In this book, Anne Mayhew focuses on the stories surrounding the creation of Standard Oil and Wal-Mart and their founders, John D. Rockefeller and Sam Walton, combining the accounts of economists with the somewhat darker pictures painted by writers of fiction to tease out the overarching narratives associated with American big business.

Mayhew argues that the diverse views about big business and its effects of welfare can be reconciled and better policies derived from a somewhat unlikely combination of ideas from the business world and from those who have dissented from the most widely accepted story told by economists. This book draws on the work of Chandler, Coase and Williamson, as well as Marx and Veblen's discussion of supply chains to address some of the major social and economics problems of the twenty-first century.

Industry Reviews

"This is a very interesting book. ... Despite the cost, libraries would be well advised to acquire this book, which is accessible to the proverbial advanced undergraduate yet has much to offer specialists. Highly recommended." -- CHOICE (April 2009, vol. 46); M. Perelman, California State University.

Prefacep. xi
Acknowledgmentsp. xii
Introductionp. 1
The agreed upon storiesp. 11
John D. Rockefeller, Sr. and Standard Oilp. 11
Sam Walton and Wal-Martp. 18
A preliminary comparisonp. 29
Popular accounts and wider contextsp. 30
Rockefeller's contextp. 31
Sam Walton's contextp. 52
Economists, trusts, and big businessp. 60
Theorizing the railroadsp. 61
The challenge of the trustsp. 65
An associationist detourp. 74
The invisible hand returnsp. 76
Alternative storiesp. 79
Seeing the firm wholep. 79
Alfred Chandler's storiesp. 87
A search for theoretical consistencyp. 91
Economies of scale and speed: the modern firm in abstractp. 92
Supply chains and M to C to C' to M'p. 104
M to Cp. 105
C to C'p. 113
C' to M'p. 123
Holistic management/holistic problemsp. 127
Toward relevancep. 132
A template to drill byp. 135
Stories and policies: a final wordp. 147
Notesp. 149
Bibliographyp. 168
Indexp. 179
Table of Contents provided by Ingram. All Rights Reserved.

ISBN: 9780415775342
ISBN-10: 0415775345
Series: Routledge International Studies in Business History
Audience: Tertiary; University or College
Format: Hardcover
Language: English
Number Of Pages: 208
Published: 1st October 2008
Publisher: Taylor & Francis Ltd
Country of Publication: GB
Dimensions (cm): 24.13 x 16.51  x 1.91
Weight (kg): 0.45
Edition Number: 1