From: Paul Adler (padler@USC.EDU)
Date: Wed Feb 15 2006 - 12:15:13 EST
Thx Jerry. Perhaps I've got it wrong, but I had understood that centralization referred to the trend to a smaller number of capitalist controlling a larger proportion of society's total capital resources, and concentration referred to the growing mass of capital focused on any given sphere of activity. At 12:05 PM -0500 2/15/06, glevy@PRATT.EDU wrote: > > I am also unsure what metrics would best capture centralization. >> I did a little calculation using Compustat data on the sales of the >> largest publicly-held corporations in 1950 versus 2000, and the GDP >> for those years. The results were quite startling: >> The top 10 corporations total sales represented 10.9% of GDP in 1950, >> and 16.5% in 2000. >> The 100 corporations' total sales represented 27.4% of GDP in >> 1950.... and 66% in 2000. >> Is this a good way to capture the trend in question? > >Hi Paul A, > >Isn't that an indication of changes in the *concentration* of capital >rather than the centralization of capital? > >In solidarity, Jerry -- * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * Prof. Paul S. Adler, Management and Organization Dept, Marshall School of Business, University of Southern California, Los Angeles, CA 90089-0808 USC office tel: (213) 740-0748 Home office tel: (818) 981-0115 Home office fax: (818) 981-0116 Email: padler@usc.edu List of publications and course outlines at: http://www-rcf.usc.edu/~padler/ * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
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