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Socializing Capital

The Rise of the Large Industrial Corporation in America

By: William G. Roy

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Paperback | 21 July 1999

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360 Pages

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22.8 x 15.2 x 229

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Ever since Adolph Berle and Gardiner Means wrote their classic 1932 analysis of the American corporation, The Modern Corporation and Private Property, social scientists have been intrigued and challenged by the evolution of this crucial part of American social and economic life. Here William Roy conducts a historical inquiry into the rise of the large publicly traded American corporation. Departing from the received wisdom, which sees the big, vertically integrated corporation as the result of technological development and market growth that required greater efficiency in larger scale firms, Roy focuses on political, social, and institutional processes governed by the dynamics of power.

The author shows how the corporation started as a quasi-public device used by governments to create and administer public services like turnpikes and canals and then how it germinated within a system of stock markets, brokerage houses, and investment banks into a mechanism for the organization of railroads. Finally, and most particularly, he analyzes its flowering into the realm of manufacturing, when at the turn of this century, many of the same giants that still dominate the American economic landscape were created. Thus, the corporation altered manufacturing entities so that they were each owned by many people instead of by single individuals as had previously been the case.

Industry Reviews

One of Choice's Outstanding Academic Titles for 1997 "Socializing Capital is a shining example of the 'new economic sociology.' Roy's question is bold because it challenges the economic orthodoxy that the modern corporation arose because of its efficiency. His answer is creative because it weaves together insights from power and institutional perspectives to revise the history of the modern corporation."--Frank Dobbin, Contemporary Sociology "William G. Roy's ambitious book about the ascendancy of the large industrial corporation in the United States sheds new light on a complex and timely subject... Socializing Capital is a significant scholarly work, rich in detail, that makes important contributions to the historical study of corporate power."--Scott R. Bowman, American Journal of Sociology "Richly detailed, this book builds on the significant work of historians, economists, and social scientists who have dominated the field of business history for a generation or more. It is a major contribution... "--Choice

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You Can Find This Book In

Non-Fiction Reference, Information & Interdisciplinary Subjects Research & Information Research Methods History Specific Events & Topics in History Social & Cultural History Industry & Industrial Studies Economics Political Economy Sociology & Anthropology Business & Management

Ownership & Organisation of Enterprises Regional & National History History of the Americas Economic History Economic & Financial Crises & Disasters

List of Figures	p. ix
List of Tables	p. xi
Preface	p. xiii
Introduction	p. 3
A Quantitative Test of Efficiency Theory	p. 21
The Corporation as Public and Private Enterprise	p. 41
Railroads: The Corporation's Institutional Wellspring	p. 78
Auxiliary Institutions: The Stock Market, Investment Banking, and Brokers	p. 115
Statutory Corporate Law, 1880-1913	p. 144
Prelude to a Revolution	p. 176
American Industry Incorporates	p. 221
Conclusion: A Political Sociology of the Large Corporation	p. 259
Notes	p. 287
References	p. 301
Index	p. 319
Table of Contents provided by Syndetics. All Rights Reserved.

Socializing Capital

The Rise of the Large Industrial Corporation in America

At a Glance

Paperback

Industry Reviews

Shipping

How to return your order

Defective items

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