Creating the "American Way" of Business: Evidence from WWII in the United States

Michela Giorcelli

AEA Papers and Proceedings, 2024, vol. 114, 582-85

Abstract: World War II was arguably one of history's largest shocks to the US economic and production system. In this paper, I argue that "managerial technology" played a key role in shaping US WWII production and its capacity to defeat some of the most advanced economies in the world. The large-scale diffusion of innovative management practices to US firms involved in war production acted as a technology that put them on a higher growth path for decades. Moreover, it made US managerial practices internationally distinctive and created the "American Way" of doing business—exported worldwide in the aftermath of the war.

JEL-codes: D22 M10 N12 N42 N62 N72 O30 (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1257/pandp.20241075

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