Another View of Corporate Capitalism
Open Access
- 1 February 1965
- journal article
- Published by Oxford University Press (OUP) in The Quarterly Journal of Economics
- Vol. 79 (1) , 41-51
- https://doi.org/10.2307/1880511
Abstract
Peterson's three major propositions, 41. — Margins between revenues and costs and discretion of management to depart from goal of profit maximization, 42. — Imperfect product, labor, and capital markets and management choices, 44. — Decisions of management on the distribution of corporate income, 46. — Importance of the nature of the decision mechanism, 48.Keywords
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