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- Title
CORPORATE CONTROL AND CAPITALISM: REPLY.
- Authors
Peterson, Shorey
- Abstract
The article replies to the comment on the considerable package of implications that Adolph Berle and other economists have drawn from changes in the internal control of corporations. The author's argument was that both changes and effects have been greatly exaggerated, especially in their bearing on the general operation of firms and the economy. In the complicated dynamic circumstances of economic life the system's essentials are realized if firms produce goods that buyers will take, out of reasonably free choice among products and within costs of resources to which other firms in other industries have reasonable access.
- Subjects
INTERNAL auditing; CORPORATIONS; INDUSTRIAL laws &; legislation; COMMERCIAL products; CONSUMER preferences; BUSINESS enterprises; ECONOMIC activity; INDUSTRIAL relations; BERLE, Adolph; ECONOMISTS
- Publication
Quarterly Journal of Economics, 1965, Vol 79, Issue 3, p492
- ISSN
0033-5533
- Publication type
Article
- DOI
10.2307/1882713