{"product_id":"aberrant-capitalism-the-decay-and-revival-of-customer-capitalism-hardback-9781009478793","title":"Aberrant Capitalism; The Decay and Revival of Customer Capitalism (Hardback) 9781009478793","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eAberrant Capitalism\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eThe Decay and Revival of Customer Capitalism\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cem\u003eCorporations are a great innovation of entrepreneurial capitalism, undermined by financialization and self-serving management.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eHunter Hastings (Author), Stephen Denning (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781009478793, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 14 March 2024\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e96 pages\u003cbr\u003e23.5 x 16 x 1.2 cm, 0.284 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e'In an era where there is so much conceptual and linguistic imprecision in debates over political economy and, specifically, over capitalism, Hastings's and Denning's book sheds vital light onto the true nature of a capitalist market economy. Honest seekers of knowledge from all persuasions will find in this historical overview a much better and clearer understanding of what capitalism's strengths and weaknesses are, and what criticisms or acclaims ascribed to the capitalist system are more correctly bound to the nature and activities of the corporations that operate within. They will discover that the primary purported problems of capitalism have not always existed in capitalist societies, that such problems are in fact quite modern. Perhaps we can narrow the ideological gap and begin to make some real progress together with this significant step in understanding.' Mark Packard, Director, Madden Center For Value Creation, Florida Atlantic University\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eThe corporation was a timely emergent phenomenon of the capitalist system. Under entrepreneurial ownership with customer value creation goals, corporations introduced new products and services, new capital structures and new management processes capable of improving customer experiences in every facet of their lives. After entrepreneurship, the organizational model transitioned to managerial capitalism, and from there into command-and-control and central planning. Then came further transition into the era of financialization, where shareholder value replaced customer value as the purpose of the corporation. Managers diverted resources to their own enrichment as well as that of shareholders, at the expense of investment in future innovation. Capitalism's reputation has become tarnished and its purpose distorted. This Element ends with the promise of another emergent era, via the corporations of the digital age.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e1. Introduction\u003cbr\u003e 2. Capitalism before corporations\u003cbr\u003e 3. Entrepreneurial ownership: a golden age of corporations\u003cbr\u003e 4. The early twentieth century: one step forward, two steps back\u003cbr\u003e 5. Post war capitalism: the age of control\u003cbr\u003e 6. The age of financialization\u003cbr\u003e 7. Institutionalized control\u003cbr\u003e 8. Reimagination\u003cbr\u003e 9. Conclusion\u003cbr\u003e Epilogue.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Corporate governance [\u003ca title=\"See our other books on Corporate governance\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Corporate%20governance%20%5BKJR%5D%22\"\u003eKJR\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Brand New","offer_id":52414081171736,"sku":"9781009478793","price":52.88,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9781009478793i.jpg?v=1784337175","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/aberrant-capitalism-the-decay-and-revival-of-customer-capitalism-hardback-9781009478793","provider":"Freshly Printed Books","version":"1.0","type":"link"}