In this paper I present an analytical study of the historical development of the family, mass schooling, and the labor movement in 19th century England. It is emphasized that what occurred in 19th century England was not just the emergence of the first industrial capitalist economy but also the...

Of the world's multiple national variations on a basically capitalist system, the paper compares the century's history of four--the British and American, the two "pioneers" whose institutions and economic behaviour patterns most closely confirm to, and those of Germany and Japan whose...

During the 1980s and 1990s the argument that ?maximizing shareholder value? results in superior economic performance came to dominate the corporate governance debates. In this paper, I outline the rationale for the shareholder-value perspective, and show that, rooted in agency theory, it lacks a...

Rolls-Royce plc is currently a powerful competitor in the turbofan engine industry, notwithstanding its own troubled history and the relative lack of international success of British companies in high-technology manufacturing over the past half-century. This paper seeks to contribute to the...

The purpose of this paper is to analyze the impact of the stock market on the innovative capabilities of high-technology companies that have been central to what in the last half of the 1990s came to be called the 'New Economy'. The empirical focus is on equipment suppliers in optical...

The collapse of Japan's bubble economy in 1990 and the persistence of recessionary conditions in the 1990s have raised doubts about the viability of the "Japanese model," particularly in the West but increasingly in Japan as well. This paper argues that Japan's economic problems--unemployment,...

During the 1980s and 1990s, the argument that “maximizing shareholder value” results in superior economic performance came to dominate the corporate governance debates. This shareholder-value perspective represents an attempt to construct a theory of corporate governance that is consistent...

The aim of this paper is to document the role that career engineers played in the investment strategies and eventual survival of an organization producing large high technology capital goods. Using the theory of innovative enterprise developed by Lazonick and O'Sullivan (2000), we analyze the...