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The Corporation and the Twentieth Century: The History of American Business Enterprise (The Princeton Economic History of the Western World, 119)

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By E Resource Library Posted on Feb 24, 2026

In Category - Academic Reading Materials, Entrepreneurship

Authors: Richard N. Langlois ISBN Number: 978-0691247533 Published By: Princeton University Press In Year: 2025

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The twentieth century was the managerial century in the United States. An organizational transformation, from entrepreneurial to managerial capitalism, brought forth what became a dominant narrative: that administrative coordination by trained professional managers is essential to the efficient running of organizations both public and private. And yet if managerialism was the apotheosis of administrative efficiency, why did both its practice and the accompanying narrative lie in ruins by the end of the century? In The Corporation and the Twentieth Century, Richard Langlois offers an alternative version: a comprehensive and nuanced reframing and reassessment of the economic, institutional, and intellectual history of the managerial era.