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The End of Economic Man The Origins of Totalitarianism

The Pension Fund Revolution

The Pension Fund Revolution

In The Pension Fund Revolution originally published nearly two decades ago under the title The Unseen Revolution Drucker reports that institutional investors especially pension funds have become the controlling owners of America's large companies the country's only capitalists. He maintains that the shift began in 1952 with the establishment of the first modern pension fund by General Motors. By 1960 it had become so obvious that a group of young men decided to found a stock-exchange firm catering exclusively to these new investors. Ten years later this firm (Donaldson Lufkin & Jenrette) became the most successful and one of the biggest Wall Street firms. Drucker's argument that through pension funds ownership of the means of production had become socialized without becoming nationalized was unacceptable to the conventional wisdom of the country in the 1970s. Even less acceptable was the second theme of the book: the aging of America. Among the predictions made by Drucker in The Pension Fund Revolution are: that a major health care issue would be longevity; that pensions and social security would be central to American economy and society; that the retirement age would have to be extended; and that altogether American politics would increasingly be dominated by middle-class issues and the values of elderly people. While readers of the original edition found these conclusions hard to accept Drucker's work has proven to be prescient. In the new epilogue Drucker discusses how the increasing dominance of pension funds represents one of the most startling power shifts in economic history and he examines their present-day Impact. The Pension Fund Revolution is now considered a classic text regarding the effects of pension fund ownership on the governance of the American corporation and on the structure of the American economy altogether. The reissuing of this book is more timely now than ever. It provides a wealth of information for sociologists economists and political theorists.

GBP 130.00
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The New Realities

The New Realities

Even in the flattest landscape there are passes where the road first climbs to a peak and then descends into a new valley. Most of these passes are simply topography with little or no difference in climate language or culture between the valleys on either side. But some passes are different: they are true divides. History too knows such divides. Once these divides have been crossed the social and political landscape changes; the social and political climate is different and so is the social and political language. Some time between 1965 and 1973 we passed over such a divide and entered the next century. Challenging insightful and provocative Peter Drucker's The New Realities anticipates the central issues of a rapidly changing world. When it was initially published in 1989 some reviewers mistakenly thought The New Realities was a book about the future or in other words a series of predictions. But as indicated in the title the book discusses realities. Drucker argues that events of the next thirty to forty years or even further on had already largely been defined by events of the previous half-century. Thus Drucker discusses episodes in world history that had not yet happened at the time of the book's initial publication such as: the archaism of the hope for salvation by society in The End of FDR's America; the democratization of the Soviet Union in When the Russian Empire is Gone; the technology boom of the 1990s in The Information-Based Organization; and the evolution of management in Management as Social Function and Liberal Art. Graced with a new preface by the author that discusses both reactions to the original publication of the book and how important it is for decision-makers to consider the past and present when planning for the future The New Realities is mandatory reading for understanding politics government the economy information technology and business in an ever-changing world.

GBP 130.00
1

The Effective Executive

The Good Society

The Good Society

The Good Society is a critical text in the history of liberalism. Initially a series of articles published in a variety of Lippmann's favorite magazines as the whole evolved it became a frontal assault against totalitarian tendencies within American society. Lippmann took to task those who sought to improve the lot of mankind by undoing the work of their predecessors and by undermining movements in which men struggle to be free. This book is a strong indictment of programs of reform that are at odds with the liberal tradition and it is critical of those who ask people to choose between security and liberty. The Good Society falls naturally into two segments. In the first Lippmann shows the errors and common fallacies of faith in government as the solution to all problems. He says from left to right from communist to conservative. They all believe the same fundamental doctrine. All the philosophies go into battle singing the same tune with slightly different words. In the second part of the book Lippmann offers reasons why liberalism lost sight of its purpose and suggests the first principles on which it can flourish again. Lippmann argues that liberalism's revival is inevitable because no other system of government can work given the kind of economic world mankind seeks. He did not write The Good Society to please adherents of any political ideology. Lippmann challenges all philosophies of government and yet manages to present a positive program. Bewildered liberals and conservatives alike will find this work a successful effort to synthesize a theory of liberalism with the practice of a strong democracy. Gary Dean Best has provided the twenty-first century reader a clear-eyed context for interpreting Lippmann's defense of classical liberalism. The Good Society is the eleventh in a series of books written by Walter Lippmann reissued by Transaction with new introductions and in a paperback format. As with other major figures of the twentieth century such as Thorstein Veblen Peter Drucker Margaret Mead and Richard Hoggart these are classic books with contemporary perspectives.

GBP 130.00
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