Narrating the Rise of Big Business in the USA: How economists explain standard oil and Wal-Mart

1st Edition

Anne Mayhew

Routledge
Published January 27, 2011
Reference - 184 Pages
ISBN 9780415620383 - CAT# Y116786
Series: Routledge International Studies in Business History

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Summary

"This is a story about stories and specifically about some of the stories that Americans have told themselves about corporate economic power." In this book, Anne Mayhew focuses on the stories surrounding the creation of Standard Oil and Wal-Mart and their founders , John D. Rockefeller and Sam Walton, combining the accounts of economists with the somewhat darker pictures painted by writers of fiction to tease out the overarching narratives associated with American big business.

Mayhew argues that the diverse views about big business and its effects of welfare can be reconciled and better policies derived from a somewhat unlikely combination of ideas from the business world and from those who have dissented from the most widely accepted story told by economists. This book draws on the work of Chandler, Coase and Williamson, as well as Marx and Veblen’s discussion of supply chains to address some of the major social and economics problems of the twenty-first century.

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