Description
A radical reappraisal of the nature and activities of businesswhat it is for and how it works
A characteristically acerbic analysis of the archetypal organisational unit of Hill, Financial Times, Best Books of 2024: Business
Shortlisted for the 2024 Financial Times and Schroders Business Book of the Year Award
In the world of Adam Smith and Karl Marx, capitalists built and controlled mills and factories. That relationship between capital and labor continued in the automobile assembly lines and petrochemical plants of the twentieth century.
But no longer: products and production have dematerialized. The goods and services provided by the leading companies of the twenty-first century appear on your screen, fit in your pocket, or occupy your head. Ownership of the means of production is a redundant concept. Workers are the means of production; increasingly, they take the plant home. Capital is a service bought from a specialist supplier with little influence over customer businesses. The professional managers who run modern corporations do not exert authority because they are wealthy; they are wealthy because they exert authority.
John Kays incisive overhaul of our ideas about business redefines our understanding of successful commercial activity and the corporationand describes how we have come to love the product as we hate the producer. This is a brilliant and original work from one of the greatest economists.
Author: John Kay
Binding Type: Hardcover
Publisher: Yale University Press
Published: 01/07/2025
Pages: 448
ISBN: 9780300280197
Language: English
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