Synopses & Reviews
Synopsis
An examination of how corporate managers and public policymakers addressed the consequences of market power in mid-twentieth-century America Samuel Milner provides a historical context for contemporary economic concerns by examining how corporate management, its stakeholders, and public policymakers sparred over the distribution of income during the nearly three decades following World War II, today considered the "Golden Age of American Capitalism." He reveals how the management of concentrated industries exercised its market power during that period, as well as the ways in which public policy struggled to contain the consequences of that power.