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Chosen by BusinessWeek as One of the Top Ten Business Books of the Year
With apologies to Hegel, Marx, and Lenin, the basic unit of modern society is neither the state, nor the commune, nor the party; it is the company. From this bold premise, John Micklethwait and Adrian Wooldridge chart the rise of one of history’s great catalysts for good and evil.
In a “fast-paced and well-written” work (Forbes), the authors reveal how innovations such as limitations on liability have permitted companies to rival religions and even states in importance, governing the flow of wealth and controlling human affairs–all while being largely exempt from the rules that govern our lives.
The Company is that rare, remarkable book that fills a major gap we scarcely knew existed. With it, we are better able to make sense of the past four centuries, as well as the events of today.
- Sales Rank: #414199 in Books
- Brand: Micklethwait, John/ Wooldridge, Adrian
- Published on: 2005-01-11
- Released on: 2005-01-11
- Original language: English
- Number of items: 1
- Dimensions: 8.00" h x .57" w x 5.17" l, .47 pounds
- Binding: Paperback
- 272 pages
From Publishers Weekly
Considering the astounding impact companies have had on every corner of civilization, it's amazing that the development of the institution has been largely unexamined. Economist editors Micklethwait and Wooldridge present a compact and timely book that deftly sketches the history of the company. They trace its progress from Assyrian partnership agreements through the 16th- and 17th-century European "charter companies" that opened trade with distant parts of the world, to today's multinationals. The authors' breadth of knowledge is impressive. They infuse their engaging prose with a wide range of cultural, historical and literary references, with quotes from poets to presidents. Micklethwait and Wooldrige point out that the enormous power wielded by the company is nothing new. Companies were behind the slave trade, opium and imperialism, and the British East India Company ruled the subcontinent with its standing army of native troops, outmanning the British army two to one. By comparison, the modern company is a bastion of restraint and morality. In a short, final chapter on the company's future, the authors argue against the fear, in antiglobalization circles, that "a handful of giant companies are engaged in a `silent takeover' of the world." Indeed, trends point toward large organizations breaking into smaller units. Moreover, the authors argue that for all the change companies have engendered over time, their force has been for an aggregate good.
Copyright 2003 Reed Business Information, Inc.
From Library Journal
Two Economist staffers explain how the joint-stock company became today's corporate giant.
Copyright 2002 Reed Business Information, Inc.
From Booklist
The authors, both business magazine editors, trace the rise of the company, which they contend is the most important organization in the world, its only rival being the family. Companies began as we know them in Great Britain in 1862 with the Great Companies Act, and were copied in many countries, entrepreneurs having the confidence to raise money knowing that investors could only lose what they had put in. We learn that the company's past is often more dramatic than its present; in general, companies have become more ethical, more honest, more humane, and more socially responsible than in past eras; and the company has been one of the West's great competitive advantages. The company has changed the way that people behave, and its secret to success is its ability to evolve, currently becoming less corporate by breaking down into smaller entrepreneurial units; in their power struggle with governments, companies are winning. The authors conclude that "the foremost contribution of the company to society has been through economic progress." Mary Whaley
Copyright � American Library Association. All rights reserved
Most helpful customer reviews
14 of 15 people found the following review helpful.
Companies made interesting
By N. Tsafos
There are few creatures more vilified in today's world than corporations. For some, companies are the instruments of evil, they exist to profit at the expense of ordinary people, and their chief executives are defamed for their greed and ambition. All the same, most people live off the checks they receive from those evil beasts; and, being the CEO of a large company offers comparable prestige with other esteemed professions.
Wrestling with these competing images of corporations is part of what "The Company" aims at. John Micklethwait and Adrian Wooldridge, both of The Economist, embark on an ambitious project to show that the corporation lies at the heart and center of organized societies-more so than the state, the commune, the political party, the church, and others.
Having put modesty aside, the authors deliver on their promise with great skill, both literary and scholarly. All pervasive in their narrative is a deep sense of historical perspective-of contrasting the companies of today with those of the past. This need of putting the present in context is extremely valuable in canvassing the role that corporations (and particularly multinationals) play in the world today.
Several themes emerge in this historical journey. The first is the evolution of the company itself through a continuous political debate about its role and place in society. A second charts the different attitudes that societies have had towards companies; in particular the authors focus on the United States, Britain, Germany and Japan.
At the heart of this book is the dialectic between society and company; the Virginia Company, for example, effectively introduced democracy in America in 1619. This helps explains why Americans have been more receptive to companies that have other countries. This is one of countless examples in the book that chronicle the immense impact that companies have had the world over.
"The Company" not only explains the historical arguments that have been front and center of the debate about the role that companies should play, but it also captures the timeless forces that have shaped, and are likely to keep shaping, the debate in the future. Certainly a book no one would like to miss.
40 of 43 people found the following review helpful.
The Triumphalist History of the Company
By Ricky Hunter
The authors, John Micklethwait and Adrian Wooldridge, have squeezed 5,000 years of business history into The Company (A Short History of a Revolutionary Idea), the newest addition to the important series, Modern Library Chronicles. I approached this particular edition was some trepidation as the subject matter seemed a little dry (there is, after all, a chapter called "The Triumph of Managerial Capitalism".) The book is more interesting than expected and is written with some humour as well as a certain amount of patience for the less business informed reader. The strong caveat, though, is that the authors do stress the triumph of the company in creating everything that is good in the world, making their case less often then I suspect they wanted to. They are honest about the bad, such as the Belgian Congo and Enron, but try to make clear that positives exist with enormous negatives. Trying to find a positive in the holocaust of the Congo is not, in fact, possible but the authors cheerfully give it a shot. Despite their obvious boosterism, this is an interesting book and a worthwhile introduction to one side of an argument.
0 of 0 people found the following review helpful.
An large amount of information in a short, concise, and well written book
By Reed Douglas
I have to write a report on the History of American Business, and chose this book as a guide as to where to do further research. I chose well. This book is amazing. Adrian Wooldridge really should continue writing even more books than he already has. This book gives great insight into the history of business without droning on and on in any one specific area. After reading this book, you are a better person simply because you feel like you just too an introductory course on bsuiness history without having to read that much.
See all 39 customer reviews...
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