This pioneer work, written for both the professional economist and the businessman, has become a classic in its field. It is a detailed examination of the structure of the large business corporation in relation to its actual economic functioning. Because Gordon views the corporation not as an external institution but as organized human activity, his emphasis is on the personal and volitional elements in leadership, or how businessmen actually shape their practices. His analysis is based on a formidable mass of case material and statistical data.
Robert Aaron GordonRelated topics
business case corporation datum economist emphasis field human institution large mass pioneer professional work write functioning GordonRelated quotes
America represents more than just an economic system; it is an entire cultural and social order, a plutocracy, a system of rule that is mostly by and for the rich. Most universities and colleges, publishing houses, mass circulation magazines, newspapers, television and radio stations, professional sports teams, foundations, churches, private museums, charity organizations, and hospitals are organized as corporations, ruled by boards of trustees (or directors or regents) composed overwhelmingly of affluent business people. These boards exercise final judgement over all institutional matters.
Michael Parenti
After this first approximation, the various aspects of the situation undergo a more and more detailed analysis. In contrast to this the second method [for analysis of life space] begins with the life space as a whole and defines its fundamental structure. The procedure in this case is not to add disconnected items but to make the original structure more specific and differentiated. This method therefore proceeds by steps from the more general to the particular and thereby avoids the danger of a "wrong simplification" by abstraction.
Kurt Lewin
Economic analysis is the first principle of Marxism. Professors who were genuine leftists would have challenged the entire economics-driven machinery of American academe the wasteful multidepartmental structure, the divisive pedantry of overspecialization, the cronyism and sycophancy in recruitment and promotion, the boondoggling ostentation of pointless conferences, the exploitation of graduate students and part-time teachers, the subservience of faculty to overpaid administrators, the mediocrity and folly of the ruling cliques of the Modern Language Association.
Camille Paglia
Suppose that the organism is given the problem of determining the analysis of a stimulus at a certain level of representation - e.g., the problem of determining which sequence of words a given utterance encodes. Since, in the general case, transducer outputs underdetermine perceptual analyses, we can think of the solution of such problems as involving processes of nondemonstrative inference. In particular, we can think of each input system as a computational mechanism which projects and confirms a certain class of hyputheses on the basis of a certain body of data.
Jerry Fodor
For example: (1) As if governed by Newton's First Law of Motion, an institution will resist any change in its current direction; (2) Just as work expands to fill available time, corporate projects or acquisitions will materialize to soak up available funds; (3) Any business craving of the leader, however foolish, will be quickly supported by detailed rate-of-return and strategic studies prepared by his troops; and (4) The behavior of peer companies, whether they are expanding, acquiring, setting executive compensation or whatever, will be mindlessly imitated.
Warren Buffett