06208cam a2200505 i 4500 22839808 BJBSDDR 20260710165243.0 ta 221024s2025 nju b 001 0 eng 2022037758 9780691247533 (paperback ; alk. paper) 0691247536 (paperback ; alk. paper) 22839808 DLC eng rda DLC DLC eng pcc n-us--- HD 2785 L284c 2025 338.7/40973 Langlois, Richard N. (Richard Normand), 1952- 48409 The corporation and the twentieth century : the history of American business enterprise / Richard N. Langlois. Princeton, New Jersey : Princeton University Press, 2025. xii, 799 pages ; 24 cm. text txt rdacontent unmediated n rdamedia volume nc rdacarrier The Princeton economic history of the western world Includes bibliographical references (pages 553-754) and index. "Over the course of most of the twentieth century, new technologies drove increasing diversification and specialization within the economy. Du Pont, for example, which invented nylon during the Depression, managed the complexity of widespread diversification by pioneering the decentralized multidivisional organizational structure, which was almost universally adopted in large American firms after World War II. Whereas in the nineteenth century there had been just a handful of employees at their Wilmington headquarters, by 1972 there were perhaps 10,000 managers inhabiting a vast complex at the same location. The conventional wisdom is that this huge trend withdrew large swaths of the American economy from the realm of the free market and entrusted them to a new class of professional managers who had at their disposal increasingly powerful scientific methods of accounting and forecasting. It was the superior ministrations of these managers, apparently, not relative prices, that equilibrated supply and demand and made sure that goods flowed smoothly from raw materials to the final consumer. Economic historian Richard Langlois argues that it wasn't so simple. The Corporation and the Twentieth Century is an accessible account of American business enterprise and administrative planning, looking at both the rise and demise of managerial coordination, and the history of antitrust policy in this context. Offering an authoritative counterpoint to Alfred Chandler's classic The Visible Hand, Langlois shows how historic events in the twentieth century came together to drastically change the organization of American businesses. Contrary to the beliefs of some business historians, he maintains that large managerial corporations arose not because of their superiority, but as a result of systematic technological changes and larger historic forces, and that post-war events such as the Vietnam War and the fall of Bretton Woods culminated in the resurgence of market coordination, in the institutional innovations of deregulation, and in the creation of decentralized new technology. Controversially, Langlois argues that those antitrust policies viewed as successes in the past are in fact failures, and holds that there was never a period during which antitrust kept size, concentration or monopoly at bay"-- Provided by publisher. "A definitive reframing of the economic, institutional, and intellectual history of the managerial eraThe twentieth century was the managerial century in the United States. An organizational transformation, from entrepreneurial to managerial capitalism, brought forth what became a dominant narrative: that administrative coordination by trained professional managers is essential to the efficient running of organizations both public and private. And yet if managerialism was the apotheosis of administrative efficiency, why did both its practice and the accompanying narrative lie in ruins by the end of the century? In The Corporation and the Twentieth Century, Richard Langlois offers an alternative version: a comprehensive and nuanced reframing and reassessment of the the economic, institutional, and intellectual history of the managerial era.Langlois argues that managerialism rose to prominence not because of its inherent superiority but because of its contingent value in a young and rapidly developing American economy. The structures of managerialism solidified their dominance only because the century's great catastrophes of war, depression, and war again superseded markets, scrambled relative prices, and weakened market-supporting institutions. By the end of the twentieth century, Langlois writes, these market-supporting institutions had reemerged to shift advantage toward entrepreneurial and market-driven modes of organization.This magisterial new account of the rise and fall of managerialism holds significant implications for contemporary debates about industrial and antitrust policies and the role of the corporation in the twenty-first century"-- Provided by publisher. Business enterprises United States History 20th century. Empresas comerciales Estados Unidos Historia Siglo XX 28457 Corporations United States History 20th century. Corporaciones Estados Unidos Historia Siglo XX 46704 Business planning United States. Planificación empresarial Estados Unidos 2596 Antitrust law United States. Derecho antimonopolio Estados Unidos 30465 Online version: Langlois, Richard N. Corporation and the twentieth century Princeton, New Jersey : Princeton University Press, [2023] 9780691247526 (DLC) 2022037759 The Princeton Economic History of the Western World. 6448 7 cbc orignew 1 ecip 20 y-gencatlg lcc BK 127067 127067 0 0 lcc 0 0 CS BJB BJB CS 2026-05-12 0 HD 2785 L284c 2025 00000183862 2026-05-12 15:37:00 1 2026-05-12 BK