Socializing Capital: The Rise of the Large Industrial Corporation in America - Softcover

Roy, William G.

Softcover

ISBN 10: 069101034X ISBN 13: 9780691010342

Publisher: Princeton University Press, 1999

Synopsis

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.

About this title

About the Author

William G. Roy is Professor of Sociology at the University of California, Los Angeles. He specializes in large-scale political and economic transformations.

From the Back Cover

"The first thoroughly sociological inquiry into the rise of corporate capitalism I know of, and the most trenchant critique of the prevailing 'efficiency theorists' we are likely to have for some time. The book abounds with stunning insights into the rocky and highly contingent history of the industrial corporation, closely argued and very well documented. These are laurels Roy can rest on for a long time after this immense and exciting effort."--Charles Perrow, Yale University

"Genuinely interesting, well-written, clear, forceful. I was most impressed with the wealth of material that the author presented. Socializing Capital is a story that deserves to be told, and it will receive a lot of attention."--Mark S. Mizruchi, University of Michigan

Edition details

• Publisher: Princeton University Press
• Publication date: 1999
• Language: English
• ISBN 10: 069101034X
• ISBN 13: 9780691010342
• Binding: Paperback
• Number of pages: 360