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Creating the "American Way" of Business: Evidence from WWII in the United States

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  • Michela Giorcelli

Abstract

World War II was arguably one of history's largest shocks to the US economic and production system. In this paper, I argue that "managerial technology" played a key role in shaping US WWII production and its capacity to defeat some of the most advanced economies in the world. The large-scale diffusion of innovative management practices to US firms involved in war production acted as a technology that put them on a higher growth path for decades. Moreover, it made US managerial practices internationally distinctive and created the "American Way" of doing business—exported worldwide in the aftermath of the war.

Suggested Citation

  • Michela Giorcelli, 2024. "Creating the "American Way" of Business: Evidence from WWII in the United States," AEA Papers and Proceedings, American Economic Association, vol. 114, pages 582-585, May.
    • Handle: RePEc:aea:apandp:v:114:y:2024:p:582-85
    DOI: 10.1257/pandp.20241075
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    More about this item

    JEL classification:

    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • N12 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - U.S.; Canada: 1913-
    • N42 - Economic History - - Government, War, Law, International Relations, and Regulation - - - U.S.; Canada: 1913-
    • N62 - Economic History - - Manufacturing and Construction - - - U.S.; Canada: 1913-
    • N72 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - U.S.; Canada: 1913-
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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