The Modern Corporation and Private Property (Google eBook)

Front Cover
Transaction Publishers, Jan 1, 1991 - Business & Economics - 380 pages
2 Reviews

This monumental work on the corporation is one of those enduring classics that many cite but few have read. Graced with a new introduction by Weidenbaum and Jensen, this new edition makes this classic available to a new generation. Written a half century ago, "The Modern Corporation and Private Property "remains the fundamental introduction to the internal organization of the corporation in modern society. Combining the analytical skills of an attorney with those of an economist, Berle and Means raise the central questions, even when their answers have been superseded by changing circumstances.

The book's most enduring theme is the separation of ownership from control of the modern corporation and its consequences. Berle and Means display keen awareness of the divergent interests of directors and managers, and of each from owners of the firm. Among their predictions are the characteristic increase in size of the modem corporation and concentration of the economy. The authors view stock exchanges and stock markets as essential by-products of the rise of the modem corporation, and explore how these function. They address the difficult questions of whether corporations operate for the benefit of owners or managers, and explore what motivates managers to make effective use of corporate assets. Finally, they examine the role of the corporation as the prevailing form of organizing the production and distribution of goods and services.

In their new introduction, Weidenbaum and Jensen, co-directors of the Center for the Study of American Business at Washington University, critically assess the impact of developments not fully anticipated by Berle and Means, such as the rise of the service sector, and the significant role played by institutional investors in the owner/manager equation. They note the authors' prescient observations, including the complex role of and motivating influences on professional managers, and the significance of inside information on stock markets. As they note, "The Modern Corporation and Private Property "remains of central value to all those concerned with the evolution of this major social institution of the twentieth century. Scholar and practitioner alike will find it of enduring significance.

  

What people are saying - Write a review

User Review - Flag as inappropriate

I am zainul abdin khuhro.i am Engineer & working in Civil Aviation Authority in Pakistan.it is good book on The modern Corporation & Private Property.
Thanks,
Engineer Zainul Abdin khuhro.
my email address is zakservices786@gmail.com

Contents

I
viii
II
x
III
xx
IV
xlii
V
lii
VI
4
VII
12
VIII
19
XIX
208
XX
220
XXI
245
XXII
256
XXIII
265
XXIV
279
XXV
287
XXVI
294

IX
48
X
67
XI
113
XII
120
XIII
142
XIV
172
XV
187
XVIII
197
XXVII
300
XXVIII
304
XXIX
310
XXX
344
XXXI
364
XXXII
368
XXXIII
376
Copyright

Common terms and phrases

References to this book

All Book Search results »

Bibliographic information