Managerial Capitalism in Retrospect

R. Marris

ISBN 10: 0312215789 / ISBN 13: 9780312215781

Published by Palgrave Macmillan UK Jan 1999, 1999

About this Item

Neuware - An updated revisting of the themes of Robin Marris' classic The Economic Theory of Managerial Capitalism (1964). This was widely recognised as pathbreaking as it was the first attempt by a professional economist to make a formal theory of the behaviour and growth of a large-scale 'managerial' corporation based on a realistic assessment of the sociological and institutional environment. The model determined the long-run growth rates of individual firms on the basis of the financial and market environment on the one hand and the needs, interest and aspirations of both managers and shareholders on the other. Managers in particular were shown to trade desire for growth against fear of takeover. These then novel important features of modern capitalism - mergers, takeovers and executive bonuses and the relationship between the growth of firms and the growth of the economy - have become increasingly topical. The book contains the original introduction along with reworked and updated coverage of the theoretical model, along with completely new chapters both of micro-theory and Marris' substantive response to the debate which the original book created.

Seller Inventory # 9780312215781

Bibliographic Details

• Title: Managerial Capitalism in Retrospect
• Publisher: Palgrave Macmillan UK Jan 1999
• Publication Date: 1999
• Language: English
• ISBN 10: 0312215789
• ISBN 13: 9780312215781
• Binding: Buch
• Condition: Neu
• Dimensions: 225W x 145H x 22D millimeters 225 millimeters width by 145 millimeters height by 22 millimeters depth
• Weight: 231 grams

About this title

Synopsis

An updated revisting of the themes of Robin Marris' classic The Economic Theory of Managerial Capitalism (1964). This was widely recognised as pathbreaking as it was the first attempt by a professional economist to make a formal theory of the behaviour and growth of a large-scale 'managerial' corporation based on a realistic assessment of the sociological and institutional environment. The model determined the long-run growth rates of individual firms on the basis of the financial and market environment on the one hand and the needs, interest and aspirations of both managers and shareholders on the other. Managers in particular were shown to trade desire for growth against fear of takeover. These then novel important features of modern capitalism - mergers, takeovers and executive bonuses and the relationship between the growth of firms and the growth of the economy - have become increasingly topical. The book contains the original introduction along with reworked and updated coverage of the theoretical model, along with completely new chapters both of micro-theory and Marris' substantive response to the debate which the original book created.

About the Author

Robin Marris is Professor Emeritus of Economics at the University of London.