"The Visible Hand" is a comprehensive historical analysis of the rise and evolution of the modern corporation. The author argues that the development of large-scale business organizations was a consequence of the expanding capitalist economies in the 19th and 20th centuries. The book explores how these corporations replaced the market mechanisms with managerial hierarchies, thus becoming the dominant economic institutions. It also discusses the impact of these changes on economic growth and productivity.
The 12174th greatest book of all time
