The Corporation and the Twentieth Century

“A Foreign Affairs Best of Books”“Finalist for the Hayek Book Prize, Manhattan Institute”“Finalist for the George R. Terry Book Award, Academy of Management”“Winner of the Alice Hanson Jones Prize, Economic History Association”“A monumental history of American business during the eventful decades when managers ruled.”—Daniel Akst, Wall Street Journal“Sharp analysis… . Chock -full of sophisticated economic theory rendered in lucid prose, this adds up to a bracing evaluation of a consequential and once dominant commercial entity.” * Publishers Weekly *“Illuminating… . Entertaining as well as scholarly, and it sheds interesting light on many of the personalities who have shaped or reshaped the American corporation. It is also a valuable corrective to some widely held misconceptions about American capitalism.”—Sir Geoffrey Owen, Financial Times”[An] outstanding endeavour… . A milestone for students of business as well as economic history, without forgetting the insightful comments on the history of economic theory. Consequently, it is a fundamental work for students at any level and for those at any age interested in enlarging their knowledge of economic history.”—Stefano Solari, History of Economic Thought and Policy“A richly detailed and engaging narrative of twentieth century American business.”—Andrew Smith, Business History

Richard N. Langlois is professor of economics at the University of Connecticut. He is the author of Firms, Markets, and Economic Change: A Dynamic Theory of Business Institutions (with Paul L. Robertson); The Dynamics of Industrial Capitalism: Schumpeter, Chandler, and the New Economy, which won the Schumpeter Prize of the International Joseph A. Schumpeter Society; and other books.