The Corporation in the 21st Century
Why (Almost) Everything We Are Told About Business Is Wrong
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Narrated by:
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Peter Wicks
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By:
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John Kay
About this listen
In the world of Adam Smith and Karl Marx, capitalists built and controlled mills and factories. That relationship between capital and labor continued in the automobile assembly lines and petrochemical plants of the twentieth century.
But no longer: products and production have dematerialized. The goods and services provided by the leading companies of the twenty-first century appear on your screen, fit in your pocket, or occupy your head. Ownership of the means of production is a redundant concept. Workers are the means of production; increasingly, they take the plant home. Capital is a service bought from a specialist supplier with little influence over customer businesses. The professional managers who run modern corporations do not exert authority because they are wealthy; they are wealthy because they exert authority.
John Kay's incisive overhaul of our ideas about business redefines our understanding of successful commercial activity and the corporation—and describes how we have come to "love the product" as we "hate the producer." This is a brilliant and original work from one of the greatest economists.
©2024 John Kay (P)2024 Profile Books, LimitedListeners also enjoyed...
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Story
During the 1600s—between the end of the Renaissance and the start of the Enlightenment—Europe lived through an era known as The Age of Reason. By exploring all the key events and bringing to life some of the most influential characters of the era—including Caravaggio, Rembrandt, Newton, Descartes, Spinoza, Louis XIV, and Charles I—acclaimed historian Paul Strathern tells the vivid story of this paradoxical age, while also exploring the painful cost of creating the progress and modernity upon which the Western world was built.
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Learned albeit anecdotal
- By PK117 on 01-28-25
By: Paul Strathern
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The CIA
- An Imperial History
- By: Hugh Wilford
- Narrated by: Hugh Wilford
- Length: 11 hrs and 20 mins
- Unabridged
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As World War II ended, the United States stood as the dominant power on the world stage. In 1947, to support its new global status, it created the CIA to analyze foreign intelligence. But within a few years, the Agency was engaged in other operations: bolstering pro-American governments, overthrowing nationalist leaders, and surveilling anti-imperial dissenters at home. The Cold War was an obvious reason for this transformation—but not the only one.
By: Hugh Wilford
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The Secret History of the Five Eyes
- The Untold Story of the International Spy Network
- By: Richard Kerbaj
- Narrated by: Richard Kerbaj
- Length: 13 hrs and 34 mins
- Unabridged
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This is the definitive account of the Western world’s most powerful—but least known—intelligence alliance, which remains central to the defense of the free world in a dangerously uncertain time.
By: Richard Kerbaj
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The Vice President's Black Wife
- The Untold Life of Julia Chinn
- By: Amrita Chakrabarti Myers
- Narrated by: Janina Edwards
- Length: 10 hrs and 11 mins
- Unabridged
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Award-winning historian Amrita Chakrabarti Myers has recovered the riveting, troubling, and complicated story of Julia Ann Chinn (ca. 1796–1833), the enslaved wife of Richard Mentor Johnson, owner of Blue Spring Farm, veteran of the War of 1812, and US vice president under Martin Van Buren. Johnson never freed Chinn, but during his frequent absences from his estate, he delegated to her the management of his property, including Choctaw Academy, a boarding school for Indigenous men and boys on the grounds of the estate.
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Radical Uncertainty
- Decision-Making Beyond the Numbers
- By: John Kay, Mervyn King
- Narrated by: Roger Davis
- Length: 15 hrs and 50 mins
- Unabridged
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Radical uncertainty changes the way we should think about decision-making. For over half a century economics has assumed that people behave rationally by optimizing among well-defined choices. Behavioral economics questioned how far people are rational, pointing to the cognitive biases that seem to describe actual behavior.
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At 1:23:50: "we must expect ... a virus"
- By Philo on 03-18-20
By: John Kay, and others
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Other People's Money
- The Real Business of Finance
- By: John Kay
- Narrated by: Walter Dixon
- Length: 11 hrs and 54 mins
- Unabridged
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The finance sector of Western economies is too large and attracts too many of the smartest college graduates. Financialization over the past three decades has created a structure that lacks resilience and supports absurd volumes of trading. The finance sector devotes too little attention to the search for new investment opportunities and the stewardship of existing ones, and far too much to secondary-market dealing in existing assets. Regulation has contributed more to the problems than the solutions.
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Listened twice. Everyone must read this.
- By Tristan on 01-18-16
By: John Kay
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The Unaccountability Machine
- Why Big Systems Make Terrible Decisions - and How The World Lost its Mind
- By: Dan Davies
- Narrated by: Peter Dickson
- Length: 8 hrs and 55 mins
- Unabridged
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When we avoid taking a decision, what happens to it? In The Unaccountability Machine, Dan Davies examines why markets, institutions and even governments systematically generate outcomes that everyone involved claims not to want. He casts new light on the writing of Stafford Beer, a legendary economist who argued in the 1950s that we should regard organisations as artificial intelligences, capable of taking decisions that are distinct from the intentions of their members.
By: Dan Davies
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Supremacy
- AI, ChatGPT, and the Race that Will Change the World
- By: Parmy Olson
- Narrated by: Lisa Flanagan
- Length: 9 hrs and 25 mins
- Unabridged
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In November 2022, a webpage was posted online with a simple text box. It was ChatGPT, and was unlike any app people had used before. It was more human than a customer service agent, more convenient than a Google search. Behind the scenes, battles for control and prestige between the world’s two leading AI firms, OpenAI and DeepMind, who now steers Google's AI efforts, has remained elusive—until now.
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Author doesn’t understand AI
- By David on 09-30-24
By: Parmy Olson
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Growth
- A History and a Reckoning
- By: Daniel Susskind
- Narrated by: Daniel Susskind
- Length: 10 hrs and 27 mins
- Unabridged
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Yet prosperity has come at a price: environmental destruction, desolation of local cultures, the rise of vast inequalities, and destabilizing technologies. Faced with such damage, many now claim that the only way forward is through "degrowth," deliberately shrinking our economic footprint. Instead, Daniel Susskind argues, we must keep growth but redirect it, making it better reflect what we truly value.
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Looking for a conclusion that will sell books
- By DCS on 10-05-24
By: Daniel Susskind
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Obliquity
- Why our goals are best achieved indirectly
- By: John Kay
- Narrated by: Erik Synnestvedt
- Length: 4 hrs and 49 mins
- Unabridged
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A leading economist charts the indirect road to happiness and wealth. Using dozens of practical examples from the worlds of business, politics, science, sports, literature, even parenting, esteemed economist John Kay proves a notion that feels at once paradoxical and deeply commonsensical: The best way to achieve any complex or broadly defined goal-from happiness to wealth to profit to preventing forest fires-is the indirect way.
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Little additional insight
- By Roger Wirth on 01-23-19
By: John Kay
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Unit X
- How the Pentagon and Silicon Valley Are Transforming the Future of War
- By: Raj M. Shah, Christopher Kirchhoff
- Narrated by: Sean Patrick Hopkins, Raj M. Shah, Christopher Kirchhoff
- Length: 9 hrs and 37 mins
- Unabridged
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A vast and largely unseen transformation of how war is fought as profound as the invention of gunpowder or advent of the nuclear age is occurring. Flying cars that can land like helicopters, artificial intelligence-powered drones that can fly into buildings and map their interiors, microsatellites that can see through clouds and monitor rogue missile sites—all these and more are becoming part of America’s DIU-fast-tracked arsenal. Until recently, the Pentagon was known for its uncomfortable relationship with Silicon Valley and for slow-moving processes that acted as a brake on innovation.
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Fascinating Book
- By David S. on 01-25-25
By: Raj M. Shah, and others
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Domination and the Arts of Resistance
- Hidden Transcripts
- By: James C. Scott
- Narrated by: Alex Boyles
- Length: 10 hrs and 43 mins
- Unabridged
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Confrontations between the powerless and powerful are laden with deception—the powerless feign deference and the powerful subtly assert their mastery. Peasants, serfs, untouchables, slaves, laborers, and prisoners are not free to speak their minds in the presence of power. These subordinate groups instead create a secret discourse that represents a critique of power spoken behind the backs of the dominant. At the same time, the powerful also develop a private dialogue about practices and goals of their rule that cannot be openly avowed.
By: James C. Scott
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The Crazies
- The Cattleman, the Wind Prospector, and a War Out West
- By: Amy Gamerman
- Narrated by: Anna Sale
- Length: 17 hrs and 56 mins
- Unabridged
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Most locals in Big Timber, Montana learn to live with the wind. Rick Jarrett sought his fortune in it. Like his pioneer ancestors who staked their claims in the Treasure State, he believed in his right to make a living off the land—and its newest precious resource, million-dollar wind. Trouble was, Jarrett’s neighbors were some of the wealthiest and most influential men in America, trophy ranchers who’d come West to enjoy magnificent mountain views, not stare at 500-foot wind turbines.
By: Amy Gamerman
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The Longevity Imperative
- How to Build a Healthier and More Productive Society to Support Our Longer Lives
- By: Andrew J. Scott
- Narrated by: Michael Chance
- Length: 10 hrs and 50 mins
- Unabridged
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Thanks to increases in life expectancy, we can now expect to live for a long time. Most of us would welcome an extra day in the week, so why do so many of us view the prospect of additional years with fear and skepticism? The reason is simple: society is not currently structured to support long lives. Rather than thinking in terms of the needs of a rising number of older people, we must instead support the young and middle-aged to prepare differently for the longer futures they can expect.
By: Andrew J. Scott
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Harbingers
- What January 6 and Charlottesville Reveal About Rising Threats to American Democracy
- By: Timothy J. Heaphy
- Narrated by: Matt Godfrey
- Length: 8 hrs and 54 mins
- Unabridged
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A crucial, clear-eyed assessment of what connects the two most influential moments of political violence in recent American history, and where we go from here.
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Great book!
- By Jan Pack on 01-29-25
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The Sinners All Bow
- Two Authors, One Murder, and the Real Hester Prynne
- By: Kate Winkler Dawson
- Narrated by: Kate Winkler Dawson
- Length: 9 hrs and 34 mins
- Unabridged
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On a cold winter day in 1832, Sarah Maria Cornell was found dead in a quiet farmyard in a small New England town. When her troubled past and a secret correspondence with charismatic Methodist minister Reverend Ephraim Avery was uncovered, more questions emerged. Was Sarah’s death a suicide...or something much darker? Determined to uncover the real story, Victorian writer Catharine Read Arnold Williams threw herself into the investigation as the trial was unfolding and wrote what many claim to be the first American true-crime narrative, Fall River.
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Meticulously analyzed and captivatingly told
- By Placeholder on 01-28-25
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The Waiting Game
- The Untold Story of the Women Who Served the Tudor Queens
- By: Nicola Clark
- Narrated by: Nicola Clark, Karen Cass
- Length: 11 hrs and 51 mins
- Unabridged
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Every Tudor Queen had ladies-in-waiting. They were her confidantes and her chaperones. Only the Queen's ladies had the right to enter her most private chambers, spending hours helping her to get dressed and undressed, caring for her clothes and jewels, listening to her secrets. But they also held a unique power. A quiet word behind the scenes, an appropriately timed gift, a well-negotiated marriage alliance were all forms of political agency wielded expertly by women.
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One of the best!
- By Patt LaPierre on 01-13-25
By: Nicola Clark