Socializing capital : the rise of the large industrial corporation in America / William G. Roy.
By: Roy, William G.Material type: TextPublisher: Princeton, N.J. : Princeton University Press, c1997Description: xv, 338 p. : ill. ; 24 cm.ISBN: 0691043531 (acid-free paper); 9780691043531 (acid-free paper); 069101034X (pbk. : acid-free paper); 9780691010342 (pbk. : acid-free paper).Subject(s): Big business -- United States -- History | Corporations -- United States -- Finance -- History | Industrial policy -- United States -- History | Capitalism -- United States -- History | Social structure -- United States -- History | Rich people -- United States -- History | Power (Social sciences) -- United States -- HistoryDDC classification: 338.6/44/0973 Other classification: 83.83
|Item type||Current location||Call number||Status||Date due||Barcode|
|Book||University of Texas At Tyler Stacks - 3rd Floor||HD2785 .R598 1997 (Browse shelf)||Available||0000001310374|
Browsing University of Texas At Tyler Shelves , Shelving location: Stacks - 3rd Floor Close shelf browser
|HD2785 .B5 Big business in America :||HD2785 .D38 1982 Corporate cultures :||HD2785 .G34 The public image of big business in America, 1880-1940 :||HD2785 .R598 1997 Socializing capital :||HD2785 .S58 1982 Life and death on the corporate battlefield :||HD2785 .S73 1986 The corporate survivors /||HD2785 .U6 1988 The U.S. business corporation :|
Includes bibliographical references (p. -317) and index.
Introduction -- A quantitative test of efficiency theory -- The corporation as public and private enterprise -- Railroads: the corporation's institutional wellspring -- Auxiliary institutions: the stock market, investment banking, and brokers -- Statutory corporate law, 1880-1913 -- Prelude to a revolution -- American industry incorporates -- Conclusion: a political sociology of the large corporation.
Here William Roy conducts a historical inquiry into the rise of the large publicly traded American corporation. Departing from the received wisdom, which sees the big, vertically integrated corporation as the result of technological development and market growth that required greater efficiency in larger scale firms, Roy focuses on political, social, and institutional processes governed by the dynamics of power.
The author shows how the corporation started as a quasi-public device used by governments to create and administer public services like turnpikes and canals and then how it germinated within a system of stock markets, brokerage houses, and investment banks into a mechanism for the organization of railroads. Finally, and most particularly, he analyzes its flowering into the realm of manufacturing, when at the turn of this century, many of the same giants that still dominate the American economic landscape were created. Thus, the corporation altered manufacturing entities so that they were each owned by many people instead of by single individuals as had previously been the case.