The Managerial Revolution : What is Happening in the World

Author: James Burnham
List Price: $38.50
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ISBN: 0837156785
Publisher: Greenwood Publishing Group (24 April, 1972)
Average Customer Rating: 5 out of 5

Customer Reviews

Rating: 5 out of 5
Classic
Burnham's Managerial Revolution was published in 1940, almost 20 years before J.K. Galbraith's more famous The New Industrial State (1958), but contains most of the important ideas concerning the rise of a managerial class with loyalties more to its own class than to the owners of the enterprise (capital, shareholders), which later made Galbraith famous. Other than the fact that Burnham (once a leftist philosophy professor who broke with the left over Stalin's crimes) was a conservative, there is no rational explanation why this is not the famous book and Galbraith an epigonal footnote. Dated of course, but Burham was insightful and prescient. Especially in view of recent evidence of members of the new managerial class looting their companies despite attempts to align their interests more closely with the owners (stockholders) through stock incentive schemes. Read Burnham!

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