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The Macroeconomic Context in Historical Perspective: Exogenous and Endogenous Changes in Firms’ ‘Competitive Environment’

In: Structural Macroeconomic Change and the Size Pattern of Manufacturing Firms

Author

Listed:
  • Fabrizio Traù

    (Research Department of the Confederation of Italian Industries
    University of Cambridge)

Abstract

1.1.1 Towards the end of the 1960s, J.K. Galbraith began his analysis of the working of the “New Industrial State” with the blunt remark that “the part of the economy… of which the most conspicuous manifestation is the modern big corporation … is the part… we identify with the modern industrial society … To understand the rest of the economy … is to understand very little” (Galbraith 1967, p. 9).1

Suggested Citation

  • Fabrizio Traù, 2003. "The Macroeconomic Context in Historical Perspective: Exogenous and Endogenous Changes in Firms’ ‘Competitive Environment’," Palgrave Macmillan Books, in: Structural Macroeconomic Change and the Size Pattern of Manufacturing Firms, chapter 1, pages 7-28, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-4039-4395-8_2
    DOI: 10.1057/9781403943958_2
    as

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