Berle Means
Gardiner Means is the economist whose name always will be linked to that of Adolf Berle. Berle and Means's coauthored work The Modern Corporation and Private Property was first published in 1932--the year before Means was awarded his Ph.D. in economics at Harvard. The Modern Corporation was destined to become the work that popularized the notion that separation between ownership and control of the corporation occurring with the development of the joint stock company has profound implications in altering our understanding of business enterprise and, consequently, both the economic and political character of modern society. The collectivized nature of private property and the associated bureaucraticization of the large-scale corporation led to the emergence of what Means called the phenomenon of "private government", vividly described by the authors of this recent book assessing Means's contributions, Warren Samuels and Steven Medema. 1932 also was the year in which The Holding Company: Its Public Significance and Regulation, which Means coauthored with James C.
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