John F. Wilson and Andrew Thomson
- Published in print:
- 2006
- Published Online:
- September 2007
- ISBN:
- 9780199261581
- eISBN:
- 9780191718588
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199261581.003.0004
- Subject:
- Business and Management, Business History
This chapter analyses the comparative systems of comparator countries up to 1950, focusing on how and why — much earlier than in Britain — variants of managerial capitalism developed a substantial ...
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This chapter analyses the comparative systems of comparator countries up to 1950, focusing on how and why — much earlier than in Britain — variants of managerial capitalism developed a substantial presence in the American, German, and Japanese economies, despite the subtle differences in the form of these developments. In the USA, a fully-fledged form of competitive managerial capitalism had evolved by the start of the 20th century. In Germany, one might more accurately use the term ‘professional proprietorial capitalism’, while for Japan the term ‘collective managerial capitalism’ was chosen. The three main sections of the chapter are structured around the groups of drivers, illustrating that the drivers were much more propitious for the development of modern management than in Britain. The concluding section addresses the book’s four themes in a comparative sense, producing a rich background for the British story.Less
This chapter analyses the comparative systems of comparator countries up to 1950, focusing on how and why — much earlier than in Britain — variants of managerial capitalism developed a substantial presence in the American, German, and Japanese economies, despite the subtle differences in the form of these developments. In the USA, a fully-fledged form of competitive managerial capitalism had evolved by the start of the 20th century. In Germany, one might more accurately use the term ‘professional proprietorial capitalism’, while for Japan the term ‘collective managerial capitalism’ was chosen. The three main sections of the chapter are structured around the groups of drivers, illustrating that the drivers were much more propitious for the development of modern management than in Britain. The concluding section addresses the book’s four themes in a comparative sense, producing a rich background for the British story.
Volker R. Berghahn
- Published in print:
- 2014
- Published Online:
- October 2017
- ISBN:
- 9780691161099
- eISBN:
- 9781400850297
- Item type:
- chapter
- Publisher:
- Princeton University Press
- DOI:
- 10.23943/princeton/9780691161099.003.0008
- Subject:
- History, American History: 20th Century
This concluding chapter summarizes the major points of the preceding chapters. For the period up to World War I, it became clear that the elites of the United States, and its businessmen on the East ...
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This concluding chapter summarizes the major points of the preceding chapters. For the period up to World War I, it became clear that the elites of the United States, and its businessmen on the East and West coasts in particular, saw their country as a highly dynamic and modern industrial and financial power. Based on the idea of a competitive capitalism, American big business, in the wake of the great merger wave of the late nineteenth century and congressional legislation that had banned the formation of cartels and monopolies, developed in the direction of an oligopolistic market organization. These developments shaped corporate attitudes and practices toward the domestic and international economy from 1900 onward. No less important, the emergence of the United States as a major industrial power stirred Britain and Germany into responses to the American challenge.Less
This concluding chapter summarizes the major points of the preceding chapters. For the period up to World War I, it became clear that the elites of the United States, and its businessmen on the East and West coasts in particular, saw their country as a highly dynamic and modern industrial and financial power. Based on the idea of a competitive capitalism, American big business, in the wake of the great merger wave of the late nineteenth century and congressional legislation that had banned the formation of cartels and monopolies, developed in the direction of an oligopolistic market organization. These developments shaped corporate attitudes and practices toward the domestic and international economy from 1900 onward. No less important, the emergence of the United States as a major industrial power stirred Britain and Germany into responses to the American challenge.
