“The Capitalist Philosophers-The genius of Modern Business-Their Lives, Times, and Ideas” By Andrea Gabor.
This is a great book, which discusses all the different methods of management of labor, systems, processes, and how modern universities teach in Chicago, Pittsburgh, Harvard, etc. It talks about the lives of each philosopher and why or how they came to the conclusions they did and how their visions shaped the world. It is a great history of American business, big business from the old steel factories to the auto industries it discusses all of it. It did not skip any of the essentials, and provides excellent insight and explanation of how these great thinkers of economics and management influenced on another and the Fed. How their thoughts came to be the standards by which all have been judged.
I do not recommend this book to many people, it is too esoteric for most, but I have gained much from it. So if you are a student of economics or a banker who really wants to know why things are the way they are rather than just pushing paper you should read it. Anyone wanting to write a book or get a PhD in such subjects should also read it. Including the professors who claim to know what they teach (that sounded bad). The professors who enlighten their students towards the subject matter in the textbooks they have published to keep their tenure. That sounded worse. The professors, who are paid to shape the minds of their students for the betterment of the free world; Hmmm, that sentence will stand; every one happy now?
All in all, it is necessary to know things about the philosophers who have come to change the way our Corporate Infrastructure works. For instance in the book they talk about Deming and his families farm in Wyoming and his move to Chicago. The challenges that Fredrick Winslow Taylor (yes, in my family tree) incurred with the Unions. The exploits of Alfred Sloan, Elton Mayo; the lives and conquers of Robert McNamera. The theories of Abraham Maslow, and modern author and GE lifer, Peter Drucker. You know this was a great help in understanding what all the real people who made things the way they are really thought. You should read it and think on it as well.