Commercial Banks, Interlocking Directorates and Economic Power: An Analysis of the Primary Metals Industry

1981 ◽  
Vol 29 (2) ◽  
pp. 117-128 ◽  
Author(s):  
Robert Gogel ◽  
Thomas Koenig
Keyword(s):  
Commercial Banks ◽  
Economic Power ◽  
Interlocking Directorates ◽  
Primary Metals

Brandeis and Lamont on Finance Capitalism

1973 ◽  
Vol 47 (1) ◽  
pp. 72-94 ◽  
Author(s):  
Paul P. Abrahams
Keyword(s):  
Competitive Bidding ◽  
Economic Power ◽  
Interlocking Directorates ◽  
Investment Bankers ◽  
Security Issues ◽  
Long Run ◽  
Finance Capitalism

Professor Abrahams edits a record of a 1913 conversation between reformer Louis Brandeis and Thomas W. Lamont of J. P. Morgan & Co. In the wake of the Pujo investigation of the “money trust,” the two discussed the nature and extent of economic power wielded by investment bankers as well as some specific issues such as interlocking directorates, competitive bidding for security issues, and greater publicity about securities transactions. This document reflects the long-run, fundamental conflict between social critics fearful of the concentration of economic power in America and businessmen who disclaim power because they believe their behavior is controlled by objective business considerations which operate for the good of society as a whole.

The Elimination of the Unworthy: Credit Men and Small Retailers in Progressive Era Capitalism

2010 ◽  
Vol 9 (2) ◽  
pp. 197-220 ◽  
Author(s):  
David Sellers Smith
Keyword(s):  
Progressive Era ◽  
Mass Production ◽  
Commercial Banks ◽  
National Association ◽  
Economic Power ◽  
Corporate America ◽  
Moral Regulation ◽  
Administrative Efficiency ◽  
Cultural Legitimacy ◽  
Production And Distribution

The largest organization of capitalists during the Progressive Era was one that most American historians have never heard of. Motivated primarily by overproduction and ruthless competition, many of the nation's largest manufacturers, distributors, and commercial banks formed the National Association of Credit Men (NACM) in 1896 to reduce the supply of credit available to retailers and consumers. The story of the Credit Men confirms many standard assumptions regarding the rise of corporate America to economic power and cultural legitimacy while challenging others. Advances in technology and salaried organization made possible their mobilization, yet more important was the significant lag in the development of mass retail institutions and consequently mass consumerism behind mass production and distribution. The NACM deployed standardized methods and hungered for administrative efficiency but used these modern tools to instill order and ethical discipline in the nation's business, not to secularize the economy and culture of the new century. America's corporate capitalists seized power by promising moral regulation for unbridled individualism.

scholarly journals Editorial

2018 ◽  
Vol 14 (2) ◽  
pp. 4-5 ◽  
Author(s):  
Vincenzo Bavoso
Keyword(s):  
Executive Compensation ◽  
Board Of Directors ◽  
Financial Distress ◽  
Commercial Banks ◽  
Power Structure ◽  
Corporate Law ◽  
Recent Issue ◽  
Corporate Board ◽  
Interlocking Directorates ◽  
Corporate Networks

The recent issue of the journal “Corporate Board: Role, Duties and Composition” is devoted to the issues of interlocking directorates, corporate governance, social network analysis, corporate networks, power structure, financial distress, sustainability, liquidation, corporate law, decision making, cognitive science, behavioural finance, executive compensation, firm performance, commercial banks, board of directors etc.

Role of Commercial Banks in Financial Literacy

PRODUCTIVITY ◽  
2018 ◽  
Vol 59 (2) ◽  
pp. 186-197
Author(s):  
M. SELVAKUMAR ◽  
◽  
P. ANBUCHEZHIENKAMARAJ ◽  
V. Sathyalakshmi ◽  
R. Mohammed Abubakkar Siddique ◽  
...  
Keyword(s):  
Financial Literacy ◽  
Commercial Banks

Regional banking system in Russia: Trends and factors of spatial distribution

2017 ◽  
pp. 123-141 ◽  
Author(s):  
S. Ageeva ◽  
A. Mishura
Keyword(s):  
Spatial Distribution ◽  
Commercial Banks ◽  
Banking System ◽  
Federal District ◽  
Russian Regions ◽  
Siberian Federal District ◽  
Federal Districts ◽  
Banking Business ◽  
Banking Institutions

We examine the spatial distribution of banks in Russian regions to identify the factors that affect changing territorial architecture of the banking system. The object of the study is dynamics of the number of commercial banks and their branches in 1991-2016. Besides the well-known tendency of concentration of the banking business in Moscow and reducing the number of banks in other regions we analyzed situation in the federal districts taking as an example the Siberian Federal District. This approach allowed us to formulate hypotheses about the causes of differences in the availability of banking institutions in Russian regions.

Directions and Perspectives of Political-Economic Studies

2008 ◽  
pp. 27-45
Author(s):  
A. Libman
Keyword(s):  
International Political Economy ◽  
Economic Research ◽  
Economic Power ◽  
Economic Approach ◽  
Policy Studies ◽  
Political Processes ◽  
Economic Methods ◽  
Political Economic ◽  
Economic Studies

The paper surveys the main directions of political-economic research, i.e. variants of economic and political approaches endogenizing political processes in economic models and applying economic methods to policy studies. It analyses different versions of political-economic research in different segments of scientific community: political economics, evolutionary theory of economic policy, international political economy, formal political science and theory of economic power; main methodological assumptions, content and results of positive studies are described. The author also considers the role of political-economic approach in the normative research in economics.

The Political Economy of Power: Approaches to the Analysis of Relationships between the State and Business in Russia

2011 ◽  
pp. 19-33
Author(s):  
A. Oleinik
Keyword(s):  
Oil And Gas ◽  
Road Construction ◽  
Oil And Gas Industry ◽  
Retail Trade ◽  
Business Community ◽  
The Political ◽  
Economic Power ◽  
Gas Industry ◽  
The Road ◽  
Ruling Elites

The article deals with the issues of political and economic power as well as their constellation on the market. The theory of public choice and the theory of public contract are confronted with an approach centered on the power triad. If structured in the power triad, interactions among states representatives, businesses with structural advantages and businesses without structural advantages allow capturing administrative rents. The political power of the ruling elites coexists with economic power of certain members of the business community. The situation in the oil and gas industry, the retail trade and the road construction and operation industry in Russia illustrates key moments in the proposed analysis.

Psychology of the Market and Economic Power (On Psychological Approach of Alan Greenspan to the Analysis of Economic Problems)

2011 ◽  
pp. 99-118
Author(s):  
Yu. Olsevich
Keyword(s):  
Economic Policy ◽  
Institutional Transformation ◽  
The Other ◽  
Economic Power ◽  
Psychological Approach ◽  
Market System ◽  
Economic Problems ◽  
Systemic Crisis ◽  
Micro Level ◽  
The One

The article analyzes the psychological basis of the theory and economic policy of libertarianism, as contained in the book by A. Greenspan "The Age of Turbulence", clarifies the strengths and weaknesses of this doctrine that led to its discredit in 2008. It presents a new understanding of liberalization in 1980-1990s as a process of institutional transformation at the micro and meso levels, implemented by politicians and entrepreneurs with predatory and opportunistic mentality. That process caused, on the one hand, the acceleration of growth, on the other hand - the erosion of informal foundations of a market system. With psychology and ideology of libertarianism, it is impossible to perceive real macro risks generated at the micro level, which lead to a systemic crisis, and to develop measures to prevent it.

Combast with SARS-COV-2 Virus, COVUID-19 Pandemic

2020 ◽  
Vol 5 ◽  
Keyword(s):  
Health Facilities ◽  
Political Capital ◽  
Economic Power ◽  
Biological Chemistry ◽  
The World

Department of Biological Chemistry, Ariel University, 40700 Ariel, Israel. The currently roaring corona pandemic can be seen as a leading event in the deadly outbreak controlling the various health facilities and hospitals for years. The nosocomial microbial epidemic kills thousands of people every year in Israel around the world. Hygiene is the culprit for these fatal diseases [1]. And now it seems that the politicians, in macup to take care of the eradication of the disease-causing microbe, are taking advantage of the situation for the purpose of accumulating political capital and additional economic power. There is no escape from fighting the virus and tanning that bring about its reproduction, strengthening and transformation.

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