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Transaction man : the rise of the deal and the decline of the American dream / Nicholas Lemann.

Lemann, Nicholas, (author.).

Available copies

  • 1 of 1 copy available at Homer Library.

Current holds

0 current holds with 1 total copy.

Location Call Number Barcode Shelving Location Holdable? Status Due Date
Homer Public Library 330.973 LEM 000155694 Nonfiction Place on copy / volume Available -

Record details

  • ISBN: 9780374277888
  • ISBN: 0374277885
  • Physical Description: 306 pages ; 24 cm
  • Edition: First edition.
  • Publisher: New York : Farrar, Straus and Giroux, [2019]

Content descriptions

Bibliography, etc. Note:
Includes bibliographical references (pages 269-285) and index.
Formatted Contents Note:
Prologue -- Institution man -- Transaction man -- The time of transactions : rising -- The time of transactions : failing -- Network man -- Afterword: An attempt to use a tool.
Summary, etc.:
"A history of three economic and social thinkers and their impact on the American economy"-- Provided by publisher.
Over the last generation, the United States has undergone seismic changes. Stable institutions have given way to frictionless transactions, which are celebrated no matter what collateral damage they generate. The concentration of great wealth has coincided with the fraying of social ties and the rise of inequality. How did all this come about? In Transaction Man, Nicholas Lemann explains the United States'--and the world's--great transformation by examining three remarkable individuals who epitomized and helped create their eras. Adolf Berle, Franklin Delano Roosevelt's chief theorist of the economy, imagined a society dominated by large corporations, which a newly powerful federal government had forced to become benign and stable institutions, contributing to the public good by offering stable employment and generous pensions. By the 1970s, the corporations' large stockholders grew restive under this regime, and their chief theoretician, Harvard Business School's Michael Jensen, insisted that firms should maximize shareholder value, whatever the consequences. Today, Silicon Valley titans such as the LinkedIn cofounder and venture capitalist Reid Hoffman hope "networks" can reknit our social fabric. Lemann interweaves these fresh and vivid profiles with a history of the Morgan Stanley investment bank from the 1930s through the financial crisis of 2008, while also tracking the rise and fall of a working-class Chicago neighborhood and the family-run car dealerships at its heart. Incisive and sweeping, Transaction Man is the definitive account of the reengineering of America and the enormous impact it has had on us all.
Subject: Corporations > United States > History.
United States > Economic conditions > 20th century.
United States > Economic policy > 20th century.
United States > Politics and government > 1945-1989.
POLITICAL SCIENCE / Public Policy / Economic Policy.
BUSINESS & ECONOMICS / Corporate & Business History.
HISTORY / United States / 20th Century.
Economic policy.
Corporations.
Economic history.
Politics and government.
United States.
Genre: History.