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The crumbling of apartheid: An application of managerial economics

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  • Ralph Horwitz

Abstract

The thesis of this examination of Apartheid in the Republic of South Africa is that the sophistication of capital structure, whether viewed macro-economically or at the level of the firm, passes nigh‐irrestible power to even unorganized workers. This non‐Marxist social system model is empirically substantiated by South African economic history but, more particularly, from managerial decisions in respect of the production function – especially in the critical gold‐mining industry – over time. This leads to the logical conclusion that the dynamic intensification of foreign capital investment in the Republic alone can end that country's system of Apartheid.

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  • Ralph Horwitz, 1980. "The crumbling of apartheid: An application of managerial economics," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 1(1), pages 19-27, March.
  • Handle: RePEc:wly:mgtdec:v:1:y:1980:i:1:p:19-27
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    File URL: http://hdl.handle.net/10.1002/mde.4090010105
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