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Colossus: How the Corporation changed America

Colossus: How the Corporation Changed America by Jack Beatty, editor Broadway Books * 2001 * 506 pages * $30.00 Reviewed by Burton Folsom, Jr.

"The American boy of 1854," Henry Adams observed, "stood nearer to the year 1 than the year 1900." A major reason was the development of the corporation and the rise of the United States to a world power during the late 1800s.

In Colossus, editor Jack Beatty, as his book's subtitle suggests, looks at "how the corporation changed America." The corporate structure, with its division of labor, vertical integration, and economies of scale, indeed has transformed American society in the last 150 years. Beatty, a senior editor at Atlantic Monthly, ...

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