Abstract
The primary purpose of this chapter is to examine the source and exercise of corporate power from a historical perspective. Subsidiary, yet integral, to this disputation is an analysis of the concomitant existence and exercise of power by labor organizations and government (power that emerged in direct response to the rise of corporate power).
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Notes
Joan Robinson, Economic Philosophy (New York: Doubleday & Company, Inc., 1964), p. 1.1
John Maynard Keynes, The General Theory of Employment, Interest, and Money (New York: Harcourt, Brace and Company, 1936), p. 383.
For an excellent analysis of the structural components of corporate power see John Kenneth Galbraith, The Anatomy of Power (Boston: Houghton Mifflin Company, 1983).
Arthur Stone Dewing, The Financial Policy of Corporations, 3rd rev. ed. (New York: The Ronald Press Company, 1934), p. 9.
Clair Wilcox, “Competition and Monopoly in American Industry,” Temporary National Economic Committee, Monograph 21 (Washington, D.C.: Government Printing Office, 1940), p. 66.
Charles R. VanHise, Concentration and Control (New York: The Macmillan Company, 1912), p. 190.
Wilcox, “Competition and Monopoly in American Industry,” p. 68.
Ibid., pp. 65–66.
Clair Wilcox, Public Policies Toward Business, pp. 588–89.
Upton Sinclair, The Jungle (New York: The New American Library, Inc., 1905), p. 348.
H.H. Liebhafsky, American Government and Business (New York: John Wiley and Son, Inc., 1971), p. 148.
U.S. Congress, Senate, Gardiner Means, “N.R.A., A.A. and the Making of Industrial Policy,” Senate Documents, 74th Congress, 1st Session, Miscellaneous, 3 January 1935, pp. 2–22.
Adam Smith, An Inquiry Into the Nature and Causes of the Wealth of Nation (New York: The Modern Library, 1937), p. 365; also see pp. 121, 170.
Berle and Means, The Modern Corporation and Private Property, p. xxiii.
Ibid., p. xxxii.
U.S. Joint Economic Committee, “Employment Act of 1946, as Amended, with Related Laws” (Washington, D.C.: Government Printing Offices, 1977).
John M. Keynes, The General Theory of Employment, Interest and Money (New York: Harcourt, Brace and Company, 1936), pp. 377–379.
John Kenneth Galbraith, The New Industrial State (Boston: Houghton Mifflin Company, 1967).
John R. Munkirs and Janet T. Knoedler, “The Dual Economy: An Empirical Analysis,” Journal of Economic Issues, Vol. 21, No. 2, June, 1987, pp. 803–811.
John R. Munkirs, The Transformation of American Capitalism (Armonk, New York: M.E. Sharpe Inc., 1985) p. 197.
U.S. Congress, Senate Hearings before the Subcommittee on International Trade of the Committee on Finance, Multinational Corporations, p. 451.
Jacques G. Maisonrouge, “Address to the American Foreign Service Association,” Washington, D.C., 29 May 1969.
U.S. Congress, Senate, Multinational Corporations, p. 451.
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© 1988 Kluwer Academic Publishers
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Munkirs, J. (1988). Economic Power: History and Institutions. In: Peterson, W.C. (eds) Market Power and the Economy. Recent Economic Thought Series, vol 15. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-2673-8_2
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DOI: https://doi.org/10.1007/978-94-009-2673-8_2
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