Managerial Capitalism

Ownership, Management and the Coming New Mode of Production

Business & Finance, Economics, Nonfiction, Social & Cultural Studies, Political Science
Cover of the book Managerial Capitalism by Gérard Duménil, Dominique Lévy, Pluto Press
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Author: Gérard Duménil, Dominique Lévy ISBN: 9781786802224
Publisher: Pluto Press Publication: March 20, 2018
Imprint: Pluto Press Language: English
Author: Gérard Duménil, Dominique Lévy
ISBN: 9781786802224
Publisher: Pluto Press
Publication: March 20, 2018
Imprint: Pluto Press
Language: English

The debate around growing inequality is raging amongst economists, and Marxists are finding new ways to map-out the modern economy. Managerial Capitalism introduces a new way of understanding the changing structure of our economy through the emergence and behaviour of a new class – managers. *BR**BR*In the post war years as social democracy reigned, managers tended to form compromises with workers. However, under neoliberalism, allegiances have shifted. Today, a new alliance is forming between managers and capitalist owners, changing the nature of the hierarchy of power under capitalism. Additionally, the authors argue, this is happening much faster and universally than was previously thought.*BR**BR*By applying Marx's basic concepts to the reality of the system today, through the use of extensive data sets as well as firmly rooting the argument in its historical context, Managerial Capitalism updates Marxism for the twenty-first century, through showing how the modes of production today are shaped by a new class, that must be understood if it is to be challenged.

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The debate around growing inequality is raging amongst economists, and Marxists are finding new ways to map-out the modern economy. Managerial Capitalism introduces a new way of understanding the changing structure of our economy through the emergence and behaviour of a new class – managers. *BR**BR*In the post war years as social democracy reigned, managers tended to form compromises with workers. However, under neoliberalism, allegiances have shifted. Today, a new alliance is forming between managers and capitalist owners, changing the nature of the hierarchy of power under capitalism. Additionally, the authors argue, this is happening much faster and universally than was previously thought.*BR**BR*By applying Marx's basic concepts to the reality of the system today, through the use of extensive data sets as well as firmly rooting the argument in its historical context, Managerial Capitalism updates Marxism for the twenty-first century, through showing how the modes of production today are shaped by a new class, that must be understood if it is to be challenged.

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