The Corporation in the Twenty-First Century

Why Everything We Are Told about Business Is Wrong

Hardcover, 448 pages

English language

Published Jan. 7, 2025 by Yale University Press.

ISBN:
978-0-300-28019-7
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A radical reappraisal of the nature and activities of business—what it is for and how it works

“A characteristically acerbic analysis of the archetypal organisational unit of capitalism.”—Andrew 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 …

4 editions