|
The Visible Hand
''The Visible Hand: The Managerial Revolution in American Business'' is a book by American business historian Alfred D. Chandler Jr., published by the Belknap Press imprint of Harvard University Press in 1977. Chandler argues that in the nineteenth century, Adam Smith's famous invisible hand of the market was supplanted by the "visible hand" of middle management, which became "the most powerful institution in the American economy". ''The Visible Hand'' was awarded the 1978 Pulitzer Prize for History and the Bancroft Prize of Columbia University. Chandler's eight propositions Chandler uses eight propositionsChandler, Alfred. ''The Visible Hand''. Belknap Press, 1977. . Introduction. to show how and why the ''visible hand'' of management replaced what Adam Smith referred to as the ''invisible hand'' of the market forces: # that the US modern multi-unit business replaced small traditional enterprises, when administrative coordination permitted better profits than market coordina ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alfred D
Alfred may refer to: Arts and entertainment *''Alfred J. Kwak'', Dutch-German-Japanese anime television series * ''Alfred'' (Arne opera), a 1740 masque by Thomas Arne * ''Alfred'' (Dvořák), an 1870 opera by Antonín Dvořák *"Alfred (Interlude)" and "Alfred (Outro)", songs by Eminem from the 2020 album ''Music to Be Murdered By'' Business and organisations * Alfred, a radio station in Shaftesbury, England *Alfred Music, an American music publisher * Alfred University, New York, U.S. *The Alfred Hospital, a hospital in Melbourne, Australia People * Alfred (name) includes a list of people and fictional characters called Alfred * Alfred the Great (848/49 – 899), or Alfred I, a king of the West Saxons and of the Anglo-Saxons Places Antarctica * Mount Alfred (Antarctica) Australia * Alfredtown, New South Wales * County of Alfred, South Australia Canada * Alfred and Plantagenet, Ontario * Alfred Island, Nunavut * Mount Alfred, British Columbia United States * Alfred, Main ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vanishing Hand
The Vanishing Hand theory is a concept first conceived of by economist Richard Normand Langlois. The term is an intentional play on both Adam Smith's invisible hand and Alfred Chandler's Visible Hand. Background In Smith's work, his invisible hand describes the self-regulating behavior of the market. In essence, this theory states that individual personal motivations lead to the most efficient allocation of resources and greatest overall benefit, even if those motivations were not in any way benevolent. This is exemplified by relatively small firms operating with no market control. Competition between buyers and sellers channels the profit motive causing competition to lead to socially desirable outcomes. During Smith's time and much after, this was a justification for a laissez-faire ''Laissez-faire'' ( ; from french: laissez faire , ) is an economic system in which transactions between private groups of people are free from any form of economic interventionism (su ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pulitzer Prize For History-winning Works , Germany
{{disambig ...
Pulitzer may refer to: *Joseph Pulitzer, a 20th century media magnate *Pulitzer Prize, an annual U.S. journalism, literary, and music award *Pulitzer (surname) * Pulitzer, Inc., a U.S. newspaper chain *Pulitzer Center on Crisis Reporting, a non-profit organization for journalists See also *Politzer (other) *Politz (other) *Pollitz Pollitz is a village and a former municipality in the district of Stendal, in Saxony-Anhalt, Germany Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Eu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business Books
Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). It is also "any activity or enterprise entered into for profit." Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business. If the business acquires debts, the creditors can go after the owner's personal possessions. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business. The term is also often used colloquially (but not by lawyers or by public officials) to refer to a company, such as a corporation or cooperative. Corporations, in contrast with sole proprietors and partnerships, are a separate legal entity and provide limited liability for their owners/members, as well as being subject to corporate tax rates. A corporation is more complicated and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1977 Non-fiction Books
Events January * January 8 – Three bombs explode in Moscow within 37 minutes, killing seven. The bombings are attributed to an Armenian separatist group. * January 10 – Mount Nyiragongo erupts in eastern Zaire (now the Democratic Republic of the Congo). * January 17 ** 49 marines from the and are killed as a result of a collision in Barcelona harbour, Spain. * January 18 ** Scientists identify a previously unknown bacterium as the cause of the mysterious Legionnaires' disease. ** Australia's worst railway disaster at Granville, a suburb of Sydney, leaves 83 people dead. ** SFR Yugoslavia Prime minister Džemal Bijedić, his wife and 6 others are killed in a plane crash in Bosnia and Herzegovina. * January 19 – An Ejército del Aire CASA C-207C Azor (registration T.7-15) plane crashes into the side of a mountain near Chiva, on approach to Valencia Airport in Spain, killing all 11 people on board. * January 20 – Jimmy Carter is sworn in as the 39th President of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The New Industrial State
''The New Industrial State'' is a 1967 book by John Kenneth Galbraith. Three revised editions appeared in 1972, 1978 and 1985. Discussion In it, Galbraith asserts that within the industrial sectors of modern capitalist societies, the traditional mechanism of supply and demand is supplanted by the planning of large corporations, using techniques such as advertising and, where necessary, vertical integration. The book followed Galbraith's 1966 series of BBC Reith Lectures – a series of six radio broadcasts, also titled ''The New Industrial State'' – in which he explored the economics of production and the effect large corporations could have over the state. Galbraith argues that this is made necessary by the long-term planning required for production processes involving advanced technology (and that these same technological challenges were answered with similar types of planning in Soviet societies) which involve substantial additional risk. One of the results of this is, ac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Nature Of The Firm
"The Nature of the Firm" (1937) is an article by Ronald Coase. It offered an economic explanation of why individuals choose to form partnerships, companies, and other business entities rather than trading bilaterally through contracts on a market. The author was awarded the Nobel Memorial Prize in Economic Sciences in 1991 in part due to this paper. Despite the honor, the paper was written when Coase was an undergraduate and he described it later in life as "little more than an undergraduate essay." The article argues that firms emerge because they are better equipped to deal with the transaction costs inherent in production and exchange than individuals are. Economists such as Oliver Williamson, Douglass North, Oliver Hart, Bengt Holmström, Arman Alchian and Harold Demsetz expanded on Coase's work on firms, transaction costs and contracts. Economists and political scientists have used insights from Coase's work to explain the functioning of organizations in general, not just fi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
James Burnham
James Burnham (November 22, 1905 – July 28, 1987) was an American philosopher and political theorist. He chaired the New York University Department of Philosophy; his first book was ''An Introduction to Philosophical Analysis'' (1931). Burnham became a prominent Trotskyist activist in the 1930s. He later rejected Marxism and became an even more influential theorist of the political right as a leader of the American conservative movement. His book ''The Managerial Revolution'', published in 1941, speculated on the future of capitalism. Burnham was an editor and a regular contributor to William F. Buckley's conservative magazine ''National Review'' on a variety of topics. He rejected containment of the Soviet Union and called for the rollback of communism worldwide. Biography Early life Born in Chicago, Illinois, on November 22, 1905, James Burnham was the son of Claude George Burnham, an English immigrant and executive with the Burlington Railroad. James was raised as a R ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Managerial Revolution (Burnham)
James Burnham (November 22, 1905 – July 28, 1987) was an American philosopher and political theorist. He chaired the New York University Department of Philosophy; his first book was ''An Introduction to Philosophical Analysis'' (1931). Burnham became a prominent Trotskyist activist in the 1930s. He later rejected Marxism and became an even more influential theorist of the political right as a leader of the American conservative movement. His book ''The Managerial Revolution'', published in 1941, speculated on the future of capitalism. Burnham was an editor and a regular contributor to William F. Buckley's conservative magazine ''National Review'' on a variety of topics. He rejected containment of the Soviet Union and called for the rollback of communism worldwide. Biography Early life Born in Chicago, Illinois, on November 22, 1905, James Burnham was the son of Claude George Burnham, an English immigrant and executive with the Burlington Railroad. James was raised as a R ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Invisible Hand
The invisible hand is a metaphor used by the British moral philosopher Adam Smith that describes the unintended greater social benefits and public good brought about by individuals acting in their own self-interests. Smith originally mentioned the term in his work ''Theory of Moral Sentiments'' in 1759, but it has actually become known from his main work ''The Wealth of Nations'', where the word itself is mentioned only once, in connection with import restrictions. Similar ideas had already been presented before Smith by other Enlightenment thinkers, such as Anders Chydenius in his work ''The National Gain'' (1765) and Bernard Mandeville. Liberal thinkers wanted to show that society functions without collapsing even without the old hierarchical order of the feudal era. The concept was first introduced by Adam Smith in ''The Theory of Moral Sentiments'', written in 1759. The exact phrase is used just three times in Smith's writings. Smith may have come up with the two mea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Belknap Press
Harvard University Press (HUP) is a publishing house established on January 13, 1913, as a division of Harvard University, and focused on academic publishing. It is a member of the Association of American University Presses. After the retirement of William P. Sisler in 2017, the university appointed as Director George Andreou. The press maintains offices in Cambridge, Massachusetts near Harvard Square, and in London, England. The press co-founded the distributor TriLiteral LLC with MIT Press and Yale University Press. TriLiteral was sold to LSC Communications in 2018. Notable authors published by HUP include Eudora Welty, Walter Benjamin, E. O. Wilson, John Rawls, Emily Dickinson, Stephen Jay Gould, Helen Vendler, Carol Gilligan, Amartya Sen, David Blight, Martha Nussbaum, and Thomas Piketty. The Display Room in Harvard Square, dedicated to selling HUP publications, closed on June 17, 2009. Related publishers, imprints, and series HUP owns the Belknap Press imprint, which ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Columbia University
Columbia University (also known as Columbia, and officially as Columbia University in the City of New York) is a private research university in New York City. Established in 1754 as King's College on the grounds of Trinity Church in Manhattan, Columbia is the oldest institution of higher education in New York and the fifth-oldest institution of higher learning in the United States. It is one of nine colonial colleges founded prior to the Declaration of Independence. It is a member of the Ivy League. Columbia is ranked among the top universities in the world. Columbia was established by royal charter under George II of Great Britain. It was renamed Columbia College in 1784 following the American Revolution, and in 1787 was placed under a private board of trustees headed by former students Alexander Hamilton and John Jay. In 1896, the campus was moved to its current location in Morningside Heights and renamed Columbia University. Columbia scientists and scholars have ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
