Control, Ownership, Saving and Crisis
By (author) Christos Pitelis
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Corporate Capital by Christos Pitelis
Book DescriptionThis book looks at the role of the modern corporation in advanced capitalist countries. In particular it considers corporate control and shareownership and the impact of these on consumers' choice, the mobilization of financial capital, the saving function, and the question of the potentially inherent tendency towards stagnation and crisis. The author suggests that there is a tendency towards social ownership of the means of production in modern capitalist economies, directly via share purchase and indirectly via, e.g., occupational pension funds, while at the same time control and appropriation remain vested in a small minority. This is shown to affect financial capital accumulation and the saving function, since the competition between giant corporations encourages their controllers to increase corporate saving above the level desired by small shareholders who are suggested to be unable fully to compensate for such increases by their actions.
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Book DetailsISBN: 9780521607452
(228mm x 152mm x 9mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 19-Aug-2004
Country of Publication: United Kingdom
Books By Author Christos Pitelis
Growth of the Firm, Hardback (March 2002)
Edith Penrose has been one of the most significant economists of the second part of the 20th century. Her contribution to the theory of the firm has developed the classical tradition in economics, and informed the knowledge-based theory of the firm. It includes fifteen chapters by leading contributors on the aforementioned aspects of her work.
Nature of the Transnational Firm, Hardback (March 2000)
Leading thinkers present overviews of a vibrant theoretical literature and assess the current state of analysis.
Political Economy of Privatization, Paperback (June 1995)» View all books by Christos Pitelis
This book considers the many facets of the privatization process in advanced industrialised countries, along with the marketization of Eastern Europe, and the pressures on developing countries to adopt privatization as the route to growth.
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