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Palgrave Macmillan

Managerial Capitalism in Retrospect

  • Book
  • © 1998

Overview

Authors:
  1. Robin Marris

    1. Birkbeck College, University of London, UK

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About this book

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.

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Table of contents (8 chapters)

  1. Front Matter

    Pages i-xxiv
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  2. The Institutional Framework

    • Robin Marris
    Pages 1-21

  3. Motives and Morals

    • Robin Marris
    Pages 22-59

  4. Concepts and Methods

    • Robin Marris
    Pages 60-72

  5. ‘Demand’

    • Robin Marris
    Pages 73-107

  6. Managerial Theories of the Firm

    • Robin Marris
    Pages 108-121

  7. The Completed Micro Model

    • Robin Marris
    Pages 122-134

  8. Behaviour and Evidence

    • Robin Marris
    Pages 135-142

  9. Possible Macro Implications

    • Robin Marris
    Pages 143-165

  10. Back Matter

    Pages 166-186
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Reviews

'In this brilliant book , Mr Marris is laying siege to one of the most fundamental assumptions of economics...This is a very important book. I have elsewhere made clear my own debt to Mr Marris. Many others are certain to discover that he repays the most careful study.' - John Kenneth Galbraith

Authors and Affiliations

  • Birkbeck College, University of London, UK

    Robin Marris

About the author

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

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