The Visible Hand: The Managerial Revolution in American Business (Myth20c - Ep214)

In the days of Calvin Coolidge, it was said the “business of America is business.” By contrast to other cultures like the Japanese, whose “business is the Japanese”, America’s combination as a youthful country and having a vast untapped frontier, especially in its early years, made the one common denominator of a polyglot nation a drive to tap vast natural resources and build wealth based on a large internal market. To operate at this unprecedented speed at scale unleashed by new technologies such as the railroad and telegraph, author Alfred D. Chandler contends, a new managerial revolution had to take place, creating the hierarchical behemoth corporations that America has become known for and have proliferated in today’s modern global economy.

-- Brought to you by --

Hans Lander, Adam Smith and Nick Mason

New: Hard Copies of Exit Strategy now Available! http://www.lulu.com/shop/adam-smith/exit-strategy/paperback/product-24191334.html

- ..
~~-- Donations: https://www.patreon.com/MYTH20 --~~
BTC: 16UQ6ukmTjz4Z7Ce4n23bN6tKGnU7XkPeQ
- https://myth20c.wordpress.com/books/
- http://theamericansun.com
- http://twitter.com/myth20c
- myth20c@tutanota.com
- http://gab.ai/myth20c

-- References --

- The Managerial Revolution, Burnham (1941)
- Strategy and Structure, Chandler (1962)
- The Visible Hand, Chandler (1977)
- Scale and Scope, Chandler (1994)