Corporate Governance

Contents of Corporate Governance Contents of this subject matter include: The legal structure of corporate governance: a comparative review The evolution of corporate governance, its central concerns and the resulting current mixture of law, quasi-prescriptive practice and social norms […]

Risk Management

Summary of Risk Management

The application of management techniques to identify, quantify, and respond to threats of loss or damage to a firm's assets. Such threats may arise from random events such as fire, explosion, theft, and acts of nature, or from the conscious efforts of external […]


Management Management, Disability From the book The Clergyman's Hand-book of Law, about Management, Disability (1): An unincorporated society is managed by those who are competent to transact their own business. Therefore, it would seem that members must be men over twenty-one years of […]

Economic Concentration

Resources See Also Business Company Corporation Enterprise


Capitalism, economic system in which private individuals and business firms carry on the production and exchange of goods and services through a complex network of prices and markets. Although rooted in antiquity, capitalism is primarily European in its origins; it evolved through a number of […]

Modern Capitalism Beginnings

Capitalism Beginnings of Modern Capitalism

Two developments paved the way for the emergence of modern capitalism; both took place in the latter half of the 18th century. The first was the appearance of the physiocrats in France after 1750; and the second was the devastating impact that the i…

Capitalism Characteristics

Capitalism Characteristics of Capitalism

Throughout its history, but especially during its ascendency in the 19th century, capitalism has had certain key characteristics. First, basic production facilities-land and capital-are privately owned. Capital in this sense means the buildings, machi…

Capitalism Future

Capitalism Outlook for the future

For 25 years after World War II the mixture of Keynesian ideas with traditional forms of capitalism proved extraordinarily successful. Western capitalist countries, including the defeated nations of World War II, enjoyed nearly uninterrupted growth, low rate…

Capitalism In The 20th Century

Capitalism 20th-Century Capitalism

For most of the 20th century capitalism was buffeted by wars, revolution, and depression. World War I brought revolution and a Marxist-based communism to Russia. The war also spawned the Nazi system in Germany, a malevolent mixture of capitalism and state s…

Capitalism Mercantilism

Capitalism Mercantilism

From the 15th to the 18th century, when the modern nation-state was being born, capitalism not only took on a commercial flavor but also developed in another special direction known as mercantilism. This peculiar form of capitalism attained its highest level in Englan…

Capitalism Origins

Capitalism Origins

Merchants and trade are as old as civilization itself, but capitalism as a coherent economic system had its origins in Europe in the 13th century, toward the close of the feudal era. Human beings, Adam Smith said, have always had a propensity to "truck, barter, and ex…

State Capitalism

The ownership and operation of business enterprises by agencies of government. Unlike Marxism, which espouses state ownership of the means of production, state capitalism is not necessarily motivated by ideological consideration; a particular economic enterprise may be run by the state because it is…