Search

The article discusses how a separation of corporate ownership from the company's management presents a threat to the free enterprise system. The author provides a review of the free enterprise system, noting the concepts of survival of the fittest and private ownership. Moral and economic consequences of a system of management that operates without review. Alternatives to partial owners of the organizations exerting some sort of managerial control include a practice of free discussion, power of stockholders, powers of financial institutions, and the use of outside directors. The author also discusses is government control of management is desirable.

The article refers to a factual approach to labor relations, the Neil W. Chamberlain book "Collective Bargaining Procedures," and management literature. A research report, "Sources of Economic Information for Collective Bargaining," is by Ernest Dale for the American Management Association. "Providing Facts and Figures for Collective Bargaining" is by Cornell University's New York State School of Industrial Relations Professors Earl Brooks, N. Arnold Tolles, and Richard F. Dean. The Bureau of National Affairs published "Tying Wages to the Cost of Living." "The Structure of Labor Markets" is a study by Lloyd G. Reynolds.

Several letters to the editor are presented in response to articles in previous issues including "The Management Pattern, Is It a Good Idea?" in the February 28, 1953 issue, "War of the Ices" in the January 31, 1953 issue, and an article on Kansas City in the February 21, 1953 issue.

Presents letters to the editor referencing articles and topics discussed in previous issues. Discussion on the review of the book "Bureaucracy Convicts Itself"; View an unscrupulous political conspiracy on the part of chief Forester Gifford Pinchot; Comments on the corrupt conspiracy to slander an innocent man; Improvement in the U.S. economic policy; Opinion of author George Orwell on English writing on war; Report on Randall Jarrell's piece on poetry criticism.

Focuses on steps taken by England to bridge the inflationary gap. Attempt to remove the excess of expanding civilian demand over declining civilian supplies; Historical period in which civilian supplies were cut by a gradual introduction of rationing and lower imports; Proposal of economist Michal Kalecki to ration expenditure to the value of supplies in order to make essentials of life available.