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Here in the US it happened in the mid-80's.  I got my MBA (MS actually) at MIT in 1982 and remember when friends at Harvard started talking about "shareholder value" and "shareholder wealth" in 1983 and 1984 - part of the boom in strategic planning and strategic thinking.  It caught on rapidly.
by cambridgemac on Thu May 22nd, 2008 at 07:02:42 PM EST
[ Parent ]
The 1980's? Cue in Gecko's "greed is good".

And note how he extols the gilded age and the robber barons, and the social Darwinist narrative. Maybe in the 1980's the lid was lifted by the fact of the fading memory of the Crash of 1929 and the Great Depression. After all, in the introduction to his book The Great Crash 1929, J K Galbraith says that it is memory and not regulation that prevents speculative bubbles and crashes.

When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. — John M. Keynes

by Migeru (migeru at eurotrib dot com) on Fri May 23rd, 2008 at 04:38:32 AM EST
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