<?xml version="1.0"?>
<!-- name="generator" content="blosxom/2.0" -->
<!DOCTYPE rss PUBLIC "-//Netscape Communications//DTD RSS 0.91//EN" "http://my.netscape.com/publish/formats/rss-0.91.dtd">

<rss version="0.91">
  <channel>
    <title>Notebooks   </title>
    <link>http://bactra.org/notebooks</link>
    <description>Cosma's Notebooks</description>
    <language>en</language>

  <item>
    <title>Corporations, Corporate Governance, Corporate Finance</title>
    <link>http://bactra.org/notebooks/2009/04/10#corporations</link>
    <description>
&lt;P&gt;Corporations are a particular kind
of &lt;a href=&quot;institutions.html&quot;&gt;institution&lt;/a&gt;, which for obscure reasons have
come to dominate the economies of industrial societies.  It is not at all clear
why this should be so, though there are of course theories...

&lt;P&gt;See also:
	&lt;a href=&quot;finance.html&quot;&gt;Finance&lt;/a&gt;;
	&lt;a href=&quot;management.html&quot;&gt;Management&lt;/a&gt; (which overlaps a lot with this notebook)

&lt;ul&gt;Recommended:
	&lt;li&gt;Lucian Bebchuk and Jesse Fried, &lt;citE&gt;Pay without Performance:
The Unfulfilled Promise of Executive Compensation&lt;/cite&gt;
	&lt;li&gt;James Beniger, &lt;cite&gt;The Control Revolution: Technological and
Economic Origins of the Information Society&lt;/cite&gt; [&lt;a
href=&quot;../reviews/beniger/&quot;&gt;Review&lt;/a&gt;]
	&lt;li&gt;Adolf A. Berle and Gardiner C. Means, &lt;cite&gt;The Modern Corporation and Private Property&lt;/cite&gt; [1932]
	&lt;li&gt;Alfred Chandler, &lt;cite&gt;The Visible Hand&lt;/cite&gt;
	&lt;li&gt;J. Bradford
DeLong, &lt;a
href=&quot;http://www.j-bradford-delong.net/Econ_Articles/Command_Corporations.html&quot;&gt;
&quot;The Corporation as a Command Economy&quot;&lt;/a&gt;
	&lt;li&gt;Thr&amp;aacute;inn Eggertsson, &lt;cite&gt;Economic Behavior and
Institutions&lt;/cite&gt; [&lt;a
href=&quot;../reviews/economic-behavior-and-institutions/&quot;&gt;Review: &lt;em&gt;Homo
economicus&lt;/em&gt; on the Grand Tour, or, When Is a Lizard a Good Enough Dragon
for Government Work?&lt;/a&gt;]
	&lt;li&gt;John Kenneth Galbraith, &lt;cite&gt;The New Industrial State&lt;/cite&gt;
	&lt;li&gt;Bennett Harrison, &lt;cite&gt;Lean and Mean&lt;/cite&gt;
	&lt;li&gt;Doug Henwood, &lt;cite&gt;Wall Street: How It Works and for Whom&lt;/cite&gt;
[Where does the money &lt;em&gt;actually&lt;/em&gt; come
from?  &lt;a href=&quot;http://www.wallstreetthebook.com/&quot;&gt;Free online!&lt;/a&gt;]
	&lt;li&gt;James Hoopes, &lt;cite&gt;False Prophets: The Gurus Who Created Modern
Management and Why Their Ideas Are Bad for Business Today&lt;/cite&gt;
	&lt;li&gt;Rakesh Khurana, &lt;cite&gt;Searching for a Corporate Savior: The
Irrational Quest for Charismatic CEOs&lt;/cite&gt; [&lt;a href=&quot;http://www.pupress.princeton.edu/titles/7338.html&quot;&gt;Blurb, ch. 1&lt;/a&gt;]
	&lt;li&gt;JoAnne Yates, &lt;cite&gt;Control through Communication: The Rise of
System in American Management&lt;/cite&gt;
	&lt;/ul&gt;

&lt;ul&gt;To read:
	&lt;li&gt;Sanjai Bhagat and Richard H. Jeffries, Jr., &lt;cite&gt;The Econometrics
of Corporate Governance Studies&lt;/cite&gt; [&lt;a
href=&quot;http://mitpress.mit.edu/0262025175&quot;&gt;Blurb&lt;/a&gt;]
	&lt;li&gt;Gregory K. Dow, &lt;cite&gt;Governing the Firm: Workers' Control in Theory and Practice&lt;/cite&gt; [&lt;a href=&quot;http://cambridge.org/9780521522212&quot;&gt;blurb&lt;/a&gt;]
	&lt;li&gt;Peter A. Gourevitch and James Shinn, &lt;cite&gt;Political Power and
Corporate Control: The New Global Politics of Corporate Governance&lt;/cite&gt;
[&lt;a href=&quot;http://pup.princeton.edu/titles/8086.html&quot;&gt;Blurb, ch. 1&lt;/a&gt;]
	&lt;li&gt;Kent Greenfield, &lt;cite&gt;The Failure of Corporate Law: Fundamental
Flaws and Progressive Possibilities&lt;/cite&gt; [&lt;a
href=&quot;http://www.press.uchicago.edu/cgi-bin/hfs.cgi/00/204577.ctl&quot;&gt;Blurb&lt;/a&gt;]
	&lt;li&gt;Takeo Hoshi and Anil Kashyap, &lt;cite&gt;Corporate Financing and
Governance in Japan: The Road to the Future&lt;/cite&gt;
	&lt;li&gt;Robert Jackall, &lt;cite&gt;Moral Mazes: The World of Corporate
Managers&lt;/cite&gt;
	&lt;li&gt;Allen Kaufman, Lawrence Zacharias and Marvin Karson, &lt;cite&gt;Managers
vs. Owners: The Struggle for Corporate Control in American Democracy&lt;/cite&gt;
	&lt;li&gt;Art Kleiner, &lt;cite&gt;The Age of Heretics: Heroes, Outlaws, and the
Forerunners of Corporate Change&lt;/cite&gt; [Described &lt;a
href=&quot;http://groups.yahoo.com/group/pagre/message/516&quot;&gt;thus&lt;/a&gt; by Phil Agre:
&quot;This is a journalistic history of an important chapter of the 20th century
that could easily have gone unwritten: a generation of attempts, more or less
countercultural, to reform and reinvent the corporation.  It's all here:
unpredictable experiments in social engineering, weird tales of engineers
dropping acid, computer programs predicting the future of the whole world, and
the truly odd omnipresence of an Armenian mystic named G. I. Gurdjieff.&quot;
Kleiner seems to be part of the &lt;a href=&quot;whole-earth.html&quot;&gt;Whole Earth
Catalog/CoEvolution Quarterly&lt;/a&gt; crowd.]
	&lt;li&gt;Dan Krier, &lt;cite&gt;Speculative Management: Stock Market Power and
Corporate Change&lt;/cite&gt;
	&lt;li&gt;William S. Laufer, &lt;cite&gt;Corporate Bodies and Guilty Minds: The
Failure of Corporate Criminal Liability&lt;/cite&gt; [&lt;a
href=&quot;http://www.press.uchicago.edu/cgi-bin/hfs.cgi/00/186443.ctl&quot;&gt;Blurb&lt;/a&gt;]
	&lt;li&gt;Lazonick, &lt;cite&gt;Business Organization and the Myth of the Market
Economy&lt;/cite&gt;
	&lt;li&gt;Paul MacAvoy and Ira Millstein, &lt;cite&gt;The Recurrent Crisis in Corporate Governance&lt;/cite&gt; [&lt;a href=&quot;http://www.sup.org/book.cgi?id=8273&quot;&gt;Blurb&lt;/a&gt;]
	&lt;li&gt;Robert N. McCauley, Judith S. Ruud and Frank Iacono, &lt;cite&gt;Dodging
Bullets: Changing U.S. Corporate Capital Structure in the 1980s and
1990s&lt;/cite&gt;
	&lt;li&gt;Lawrence E. Mitchell, &lt;cite&gt;Corporate Irresponsibility: America's
Newest Export&lt;/cite&gt; [&lt;a
href=&quot;http://yalepress.yale.edu/yupbooks/book.asp?isbn=0300090234&quot;&gt;Blurb&lt;/a&gt;]
	&lt;li&gt;Randall K. Morck (ed.), &lt;cite&gt;A History of Corporate Governance
around the World: Family Business Groups to Professional Manager&lt;/cite&gt; [&lt;a
href=&quot;http://www.press.uchicago.edu/cgi-bin/hfs.cgi/00/160762.ctl&quot;&gt;Blurb&lt;/a&gt;]
	&lt;li&gt;David F. Noble, &lt;cite&gt;America by Design: Science, Technology and the Rise of Corporate Capitalism&lt;/cite&gt;
	&lt;li&gt;Charles Perrow, &lt;cite&gt;Organizing America: Wealth, Power, and the
Origins of Corporate Capitalism&lt;/cite&gt;
	&lt;li&gt;Mark J. Roe, &lt;citE&gt;Strong Managers, Weak Owners: The Political
Roots of American Corporate Finance&lt;/cite&gt;
	&lt;li&gt;William G. Roy, &lt;cite&gt;Socializing Capital: The Rise of the Large
Industrial Corporation in America&lt;/cite&gt;
	&lt;li&gt;Anthony Sampson, &lt;cite&gt;Company Man: The Rise and Fall of Corporate
Life&lt;/cite&gt;
	&lt;li&gt;Ekkehart Schlicht, &quot;Social Evolution, Corporate Culture, and
Exploitation&quot;
[&lt;a href=&quot;http://d.repec.org/n?u=RePEc:iza:izadps:dp651&quot;&gt;online&lt;/a&gt;]
	&lt;li&gt;David E. Schrader, &lt;cite&gt;The Corporation as Anomaly&lt;/cite&gt;
[&lt;a href=&quot;http://cambridge.org/0521033756&quot;&gt;blurb&lt;/a&gt;]
	&lt;/ul&gt;
</description>
  </item>
  </channel>
</rss>