000			01632nam a22001697a 4500
005			20260121095931.0
020			_a9781805222385
082			_a338.7
100			_aKay, John.
245			_aThe corporation in the 21st century _bwhy (almost) everything we are told about business is wrong
260			_aLondon _bYale University Press _c2024
300			_a442p. _bill. 25 cm
504			_aIncludes bibliographical references (pages 396-428) and index
520			_aIn the world of Adam Smith and Karl Marx, capitalists built and controlled mills and factories. That relationship between capital and labor continued in the automobile assembly lines and petrochemical plants of the twentieth century. But no longer: products and production have dematerialized. The goods and services provided by the leading companies of the twenty-first century appear on your screen, fit in your pocket, or occupy your head. Ownership of the means of production is a redundant concept. Workers are the means of production; increasingly, they take the plant home. Capital is a service bought from a specialist supplier with little influence over customer businesses. The professional managers who run modern corporations do not exert authority because they are wealthy; they are wealthy because they exert authority. John Kay's incisive overhaul of our ideas about business redefines our understanding of successful commercial activity and the corporation--and describes how we have come to "love the product" as we "hate the producer." This is a brilliant and original work from one of the greatest economists
650			_aCorporations
942			_cBK
999			_c11460 _d11460