Abstract
If an institution loses its legitimacy it loses everything, for it can no longer continue to function… [K. Boulding, “The Legitimation of the Market,” Nebraska Journal of Economics and Business, Fall, 1967, p. 3.]
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Reference
Several insightful books on the subject of the corporation are: (1) G. Bannock, The Juggernauts, The Age of the Big Corporation, Indianapolis: Bobbs Merrill, 1971; (2) P. Drucker, Concept of the Corporation, New York: John Day, 1972; (3) J. Munkirs, The Transformation of American Capitalism, Armonk: Sharpe, 1985; and (4) A. Toffler, The Adaptive Corporation, New York: McGraw-Hill, 1985.
D. Sternberger, “Legitimacy,” Encyclopedia of the Social Sciences, Vol. IX, New York: Macmillan, 1968, p. 245.
The American Heritage Dictionary, second ed., Boston: Houghton Mifflin, 1982, p. 273.
J. Hertzler, “Institution,” Collier’s Encyclopedia, New York: McGraw-Hill, 1960, p. 272.
Encyclopedia of Social Sciences, op. cit, p. 245.
Jbid
See: (1) K. Boulding, ‘The Legitimacy of Economics,“ Western Economic Journal, September 1967, pp. 299–307 and (2) K. Boulding, ‘The Legitimation of the Market,” Nebraska Journal of Economics and Business, Autumn 1967, pp. 3–14.
American Heritage Dictionary, op. cit, p. 326.
The Trustees of Dartmouth College v. Woodward, 4 Wheaton 518 (U.S. 1819).
E. Mason, “Corporation,” International Encyclopedia of the Social Sciences, Vol. 3, New York: Macmillan and Free Press, 1968, p. 396.
H. Henn and J. Alexander, Laws of Corporations, St. Paul: West, 1983, p. 14.
Encyclopedia of Social Science, op. cic, p. 414.
A. Berle, Economic Power and the Free Society, Santa Barbara: Center for the Study of Democratic Institutions, 1957, p. 4.
Ibid.
R. Hamilton, Statutory Supplement to Corporations, St. Paul: West, 1981, pp. 57–58.
Ibid.
G. Bramm, Influence of Business Finns on Government, New York: Mouton, 1981.
J. Hyatt, “Going International: The Partnership Route,” Inc., December 1988, p. 145–48.
M. Mizruchi and L. Stearns, “A Longitudinal Study of the Formation of Interlocking Directorates,” Administrative Science Quarterly, June 1988, pp. 194–210.
This charge can be traced to the mid-1930s, and the “chain-store” problem. See: J. Bain,Industrial Organization, New York: Wiley, 1968, pp. 482–85.
See: (1) A. Berle, Power Without Property,New York: Harcourt, Brace, and World, 1959 and (2) A. Berk, The American Economic Republic, New York: Harcourt, Brace, and World, 1963.
.American Economic Republic, Ibid., pp. 42–47.
F. Scherer, Industrial Market Structure and Economic Performance, Boston: Houghton Mifflin, 1980, pp. 96–118.
Power Without Property, op. cit., pp. 100–105.
American Economic Republic, op. cit, pp. 117–160.
E. Mason, The Corporation in Modern Society, Cambridge: Harvard University Press, 1959, P. 5.
Ibid.
Ibid.
J. Hurst, The Legitimacy of the Business Corporation in the Law of the United States, 17801970, Charlottesville: University Press of Virginia, 1970, pp. 58–111.
D. Bazelon, The Paper Economy, New York: Random House, 1959, pp. 184–85.
Ibid., pp. 190–91.
J. Stanfield, “Legitimacy and Value in Corporate Society”, Nebraska Journal of Economics and Business, Winter 1975, pp. 3–18.
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 1991 Springer Science+Business Media New York
About this chapter
Cite this chapter
Peterson, R.D. (1991). Legitimacy. In: Political Economy and American Capitalism. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-3874-1_4
Download citation
DOI: https://doi.org/10.1007/978-94-011-3874-1_4
Publisher Name: Springer, Dordrecht
Print ISBN: 978-94-010-5724-0
Online ISBN: 978-94-011-3874-1
eBook Packages: Springer Book Archive