Considerations on Inequality, Corporate Governance, and Financialization
Journal of Economic Issues, 2020, vol. 54, issue 2, 334-340
Disjunctures between corporate governance, increasingly dominated by financial considerations, and social inequality have been among the motor forces of current world-wide “populist” voter revolts. This article looks for clues for the relation between economic inequality, corporate governance, and financialization by re-examining the work of Karl Marx and of Adolphe Berle and Gardiner Means. Marx is widely considered, in Japan, to have pointed out that the division of profit into the wages of management and the profit of enterprise is considered as a path to the association. However, this general interpretation in Japan may not be sufficient for capturing capitalism’s contemporary reality. This presentation develops an alternative interpretation of this chapter by combining Marx’s explanation with the theory of the separation of ownership and management proposed by Berle and Means. We then explore causal relations among income inequality, corporate governance, and financialization.
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
Access to full text is restricted to subscribers.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:mes:jeciss:v:54:y:2020:i:2:p:334-340
Ordering information: This journal article can be ordered from
Access Statistics for this article
More articles in Journal of Economic Issues from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().