Chester Barnard’s theory of the firm: An institutionalist view

Vladislav Valentinov and Steffen Roth

EconStor Open Access Articles and Book Chapters, 2022, vol. 56, issue 3, 707-720

Abstract: Chester Barnard’s work can be shown to contain subversive elements which accord with the spirit of institutionalist scholarship. Barnard saw corporations as systems of power whose sustainability must be backed by moral resources which are becoming increasingly scarce today. This vision suggests that the core role of corporations may be found to be in mobilizing power and morality needed to maintain social cooperation. Even though Barnard failed to develop an adequate critique of corporate power and business enterprise, he advanced a set of innovative concepts which illuminate the contribution of corporations toward the coordination of the social provisioning process.

Keywords: Chester Barnard; morality; power; sustainability; theory of the firm (search for similar items in EconPapers)
JEL-codes: A13 D21 M14 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:espost:264991

DOI: 10.1080/00213624.2022.2079932

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