Concentrated market power and the weakened sway of corporate stakeholders over management have emerged as leading concerns of American political economy. In his book, Robbing Peter to Pay Paul: Power, Profits, and Productivity in Modern America, Samuel Milner provides a historical context for contemporary efforts to resolve these anxieties by examining the contest to control the distribution of corporate income during the mid‑twentieth century. During this “Golden Age of American Capitalism,” apprehension about the debilitating consequences of industrial concentration fueled efforts to ensure that management would share the fruits of progress with workers, consumers, and society as a whole.

Click here for more