Corporations, according to the author, feel the need to--no, must--"legitimize" their power. He gives the history of this "legitimization" from about 1890 to 1930. Corporate social policies ("welfare capitalism"), including life, unemployment, and disability insurances, pensions, medical services, and vacations, were evidence of the trend away from the profit-for-profit's-sake attitude of the 19th-century robber barons. Mitchell also examines the role played by unions in this essentially voluntary shift by corporations, and attributes the reason for the shift to "progressive business ideology" and the fact that owners (i.e., stockholders) were no longer managers. This is a revision of the author's Ph.D. thesis and reflects it in language and style, so probably only academic libraries will want it.
- Alex Wenner, Indiana Univ. Lib., Bloomington
Copyright 1989 Reed Business Information, Inc.
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Book Description Yale University Press, 1989. Hardcover. Book Condition: New. book. Bookseller Inventory # M0300044135
Book Description Yale University Press, 1989. Hardcover. Book Condition: New. Bookseller Inventory # DADAX0300044135