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Sounds interesting. But at the same time as this managerial capitalism evolved in American Business, in Europe, railways became models not of a different capitalism, but nationalisation. (With some delay even in France and Britain.)

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Wed Jan 31st, 2007 at 05:20:30 PM EST
[ Parent ]
Chandler's book is really worth reading. As far as I know, railway companies have been the pioneers of modern industrial organisation in Europe, too.

By the way, in France, nationalisation of railways occurred only in 1938.

"Dieu se rit des hommes qui se plaignent des conséquences alors qu'ils en chérissent les causes" Jacques-Bénigne Bossuet

by Melanchthon on Wed Jan 31st, 2007 at 06:10:33 PM EST
[ Parent ]
By the way, in France, nationalisation of railways occurred only in 1938.

It was only finished then, with the establishment of SNCF. But in the West and North, the Chemin de Fer de l'État existed from 1878.

*Lunatic*, n.
One whose delusions are out of fashion.

by DoDo on Thu Feb 1st, 2007 at 09:22:53 AM EST
[ Parent ]

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