Revival: The Megacorp and Oligopoly: Micro Foundations of Macro Dynamics (1981)

Revival: The Megacorp and Oligopoly: Micro Foundations of Macro Dynamics (1981)

Author: Alfred S. Eicher

Publisher: Routledge

Published: 2017-09-29

Total Pages: 380

ISBN-13: 1351696742

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This title was first published in 1976. This book provides both an explanation of the inflation which has bedeviled economic policy in the West since the end of World War II and a micro-economic theory to purge Keynesian models of the Walrasian strain derived from Marshall's Principles. By focusing on what is taken to be the representative business firm of the twentieth century - the large corporation or megacorp - the microeconomic model presented in the book reverses the usual assumptions of economic analysis. Instead of assuming the existence of firms with no control over prices, the book examines how the megacorp uses its pricing power to finance its own internal rate of growth. The result is a determinant model of how prices are set under the sort of oligopolistic conditions which prevail in most modern industries throughout the world.


In Whose Interests

In Whose Interests

Author: M. Patricia Marchak

Publisher: McGill-Queen's Press - MQUP

Published: 2011

Total Pages: 319

ISBN-13: 0773538674

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A comprehensive entry into the literature of political economy.


Corporate Power and Canadian Capitalism

Corporate Power and Canadian Capitalism

Author: William K. Carroll

Publisher: UBC Press

Published: 2011-11-01

Total Pages: 304

ISBN-13: 0774844930

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Challenging standard dependency theory, William Carroll argues from empirical evidence that Canada's financial-industrial elite have maintained and consolidated their competitive position at the centre of an inter-corporate network. Corporate Power and Canadian Capitalism thus acknowledges the unusually high degree to which capital is concentrated in a relatively few giant corporations in Canada, but it denies that these commercial interests are subordinated to American corporate capital. To test the validity of this new perspective on the transformation of indigenous capitalists into a national bourgeoisie, Carroll traces the accumulation of capital in the largest Canadian corporations and the institutional relations that have existed among the same firms since World War II. Instead of selling out to foreign capital, Canadian firms have in fact become increasingly interlocked, and Canadian-controlled firms have been and continue to be the focus of both the industrial and financial sectors, with foreign-controlled companies occupying decidedly peripheral positions. From this interpretative position, Canada's development is seen as markedly similar to that of other advanced capitalist countries, culminating in consolidation of control under an elite accompanied both by penetration of foreign economies by domestic financial capitalists and a concomitant penetration of the domestic economy by foreign capital.


The Public Company Transformed

The Public Company Transformed

Author: Brian Cheffins

Publisher: Oxford University Press

Published: 2018-09-28

Total Pages: 452

ISBN-13: 0190640340

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For decades, the public company has played a dominant role in the American economy. Since the middle of the 20th century, the nature of the public company has changed considerably. The transformation has been a fascinating one, marked by scandals, political controversy, wide swings in investor and public sentiment, mismanagement, entrepreneurial verve, noisy corporate "raiders" and various other larger-than-life personalities. Nevertheless, amidst a voluminous literature on corporations, a systematic historical analysis of the changes that have occurred is lacking. The Public Company Transformed correspondingly analyzes how the public company has been recast from the mid-20th century through to the present day, with particular emphasis on senior corporate executives and the constraints affecting the choices available to them. The chronological point of departure is the managerial capitalism era, which prevailed in large American corporations following World War II. The book explores managerial capitalism's rise, its 1950s and 1960s heyday, and its fall in the 1970s and 1980s. It describes the American public companies and executives that enjoyed prosperity during the 1990s, and the reversal of fortunes in the 2000s precipitated by corporate scandals and the financial crisis of 2008. The book also considers the regulation of public companies in detail, and discusses developments in shareholder activism, company boards, chief executives, and concerns about oligopoly. The volume concludes by offering conjectures on the future of the public corporation, and suggests that predictions of the demise of the public company have been exaggerated.


Alliances for Sustainable Development

Alliances for Sustainable Development

Author: L. Berlie

Publisher: Springer

Published: 2009-11-27

Total Pages: 227

ISBN-13: 023027806X

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A lively and hands-on exploration of corporate-NGO alliances. It offers original insight to understand why alliances exist and to what end. It also looks into the asymmetries between partners and dwells on three crucial aspects of alliances management : alliance capacity development, stakeholder involvement and alliance metrics.


The Rise and Fall of Corporate Social Responsibility

The Rise and Fall of Corporate Social Responsibility

Author: Douglas M. Eichar

Publisher: Taylor & Francis

Published: 2017-05-25

Total Pages: 395

ISBN-13: 1351615009

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Corporate social responsibility was one of the most consequential business trends of the twentieth century. Having spent decades burnishing reputations as both great places to work and generous philanthropists, large corporations suddenly abandoned their commitment to their communities and employees during the 1980s and 1990s, indicated by declining job security, health insurance, and corporate giving. Douglas M. Eichar argues that for most of the twentieth century, the benevolence of large corporations functioned to stave off government regulations and unions, as corporations voluntarily adopted more progressive workplace practices or made philanthropic contributions. Eichar contends that as governmental and union threats to managerial prerogatives withered toward the century's end, so did corporate social responsibility. Today, with shareholder value as their beacon, large corporations have shred their social contract with their employees, decimated unions, avoided taxes, and engaged in all manner of risky practices and corrupt politics. This book is the first to cover the entire history of twentieth-century corporate social responsibility. It provides a valuable perspective from which to revisit the debate concerning the public purpose of large corporations. It also offers new ideas that may transform the public debate about regulating larger corporations.


The Megacorp and Macrodynamics

The Megacorp and Macrodynamics

Author: William Milberg

Publisher: Routledge

Published: 2016-09-16

Total Pages: 336

ISBN-13: 1315488922

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These essays on Post-Keynesian economics were written expressly for a volume to honour the life and work of Alfred Eichner. The original countributions - that critically examine and extend ideas in Eichner's "The Macrodynamics of Advanced Market Economies" are organized in seven sections that correspond to areas of economics in which Eichner made a significant contribution. Part 1 deals with the megacorp, a theory of firm pricing and investment that was one of Eichner's most important contributions. Issues of productivity and technical change, that lie at the center of Eichner's macrodynamic model, are the focus of part 1 and parts 3 and 4 elaborate on Eichner's work on growth and money and yield insights into the theoretical disagreements among the Post-Keynesians themselves. Part 5 presents a number of examples of non-neo-classical model building. Part 6 opens with a critique of the "new economic history" that leads to other essays on thorny methodological issues confronting Post-Keynesians. Part 7 gives a European perspective on North American Post-Keynesian economics. The essays reveal the relationships between Eichner's work and Institutionalist and Marxian economics. At the same time, the book raises current theoretical conflicts among these groups as well as among Post-Keynesians themselves. This book compliments Alfred S.Eichner's "The Macrodynamics of Advanced Market Economies", also published in 1991, and is appropriate for scholars and upper-level undergraduates and graduate students.


Regulation of Money Managers

Regulation of Money Managers

Author: Tamar Frankel

Publisher: Wolters Kluwer

Published: 2015-09-16

Total Pages: 4826

ISBN-13: 145487063X

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The Regulation of Money Managers (with the original subtitle: The Investment Company Act and The Investment Advisers Act) was published in 1978 and 1980. The Second Edition, subtitled Mutual Funds and Advisers, was published in 2001 and has been annually updated since then. It is a comprehensive and exhaustive treatise on investment management regulation. The treatise covers federal and state statutes, their legislative history, common law, judicial decisions, rules and regulations of the Securities and Exchange Commission, staff reports, and other publications dealing with investment advisers and investment companies. The treatise touches on other financial institutions such as banks, insurance companies, and pension funds. The work also discusses the economic, business, and theoretical aspects of the investment management industry and their effects on the law and on policy. The treatise contains detailed analysis of the history and development of the Investment Company Act and the Investment Advisers Act. It examines the definitions in the Acts, including the concept of ‘‘investment adviser,’’ ‘‘affiliates,’’ and ‘‘interested persons.’’ It outlines the duties of investment company directors, the independent directors, and other fiduciaries of investment companies. The treatise deals with the SEC’s enforcement powers and private parties’ rights of action.