Abstract:
Increasingly, economists are concerned with the power and efficiency of the modern corporation. Many theories, largely based in neoclassical economics, have been advanced to explain the large corporation and the role of management. But the author notes that the theories of John Kenneth Galbraith, though eclipsed, deserve to be rehabilitated. He summarizes these contributions and emphasizes Galbraith's work on the multinational corporation to show its relevance to the globalization debate.