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Another View of Corporate Capitalism

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  • Carl Kaysen

Abstract

Peterson's three major propositions, 41. — Margins between revenues and costs and discretion of management to depart from goal of profit maximization, 42. — Imperfect product, labor, and capital markets and management choices, 44. — Decisions of management on the distribution of corporate income, 46. — Importance of the nature of the decision mechanism, 48.

Suggested Citation

  • Carl Kaysen, 1965. "Another View of Corporate Capitalism," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 79(1), pages 41-51.
    • Handle: RePEc:oup:qjecon:v:79:y:1965:i:1:p:41-51.
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    File URL: http://hdl.handle.net/10.2307/1880511
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    Cited by:

    1. Holderness, Clifford G., 2017. "Culture and the ownership concentration of public corporations around the world," Journal of Corporate Finance, Elsevier, vol. 44(C), pages 469-486.
    2. Alexandre Chirat, 2021. "The correspondence between Baumol and Galbraith (1957–1958) An unsuspected source of managerial theories of the firm," EconomiX Working Papers 2021-35, University of Paris Nanterre, EconomiX.
    3. Edmans, Alex & Holderness, Clifford, 2016. "Blockholders: A Survey of Theory and Evidence," CEPR Discussion Papers 11442, C.E.P.R. Discussion Papers.
    4. Martin Spechler, 1982. "Organization and economic behavior: An interpretation of recent findings," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 118(2), pages 366-380, June.

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