Corporate Capital: Control, Ownership, Saving and Crisis
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Book Overview
This 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.
Format:Paperback
Language:English
ISBN:0521607450
ISBN13:9780521607452
Release Date:August 2004
Publisher:Cambridge University Press
Length:148 Pages
Weight:0.50 lbs.
Dimensions:0.3" x 6.0" x 9.0"
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