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The Business of Power: Canadian Multinationals in the Postwar Era

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dc.contributor.advisorPeacock, Mark
dc.creatorBrennan, Jordan Peter William
dc.date.accessioned2015-01-26T15:05:36Z
dc.date.available2015-01-26T15:05:36Z
dc.date.copyright2014-07-28
dc.date.issued2015-01-26
dc.date.updated2015-01-26T15:05:36Z
dc.degree.disciplinePolitical Science
dc.degree.levelDoctoral
dc.degree.namePhD - Doctor of Philosophy
dc.description.abstractThe modern corporation is the dominant institution of the Canadian political economy. Does this imply that ‘corporate power’ is a meaningful concept in the Canadian context? What role has globalization played in restructuring the corporate sector? Are large firms controlled by salary-oriented managers or profit-seeking proprietors? Do mergers and acquisitions fuel the expansion of large firms? Why has Canada experienced slower GDP growth in recent decades? And how can we account for the level and pattern of Canadian income inequality? These and other questions are probed in this dissertation using tools from a variety of heterodox political-economic perspectives, including Nitzan and Bichler’s ‘capital as power’ framework, Institutionalism and Post Keynesianism. The reader will be introduced to some of the assumptions, concepts and theoretical claims that steer the research. The history of Canadian business will be reinterpreted and scholarship on the modern corporation surveyed. This will set the stage for an examination of large firms, or ‘dominant capital’, in Canada over the postwar period. This study provides the first long-term estimates for aggregate concentration and for corporate amalgamation. It devises metrics to capture the distributive struggle between capital and labour and for the globalization of merger activity. The structure of corporate ownership is laid bare, linkages between amalgamation and concentration are established and the association between the growth of large firms and GDP stagnation is charted. The dissertation closes by establishing points of contact between the amassment of corporate power and income inequality.
dc.identifier.urihttp://hdl.handle.net/10315/28263
dc.language.isoen
dc.rightsAuthor owns copyright, except where explicitly noted. Please contact the author directly with licensing requests.
dc.subjectEconomics
dc.subjectPolitical Science
dc.subjectCanadian studies
dc.subject.keywordsHeterodox economicsen_US
dc.subject.keywordsCorporate poweren_US
dc.subject.keywordsDistributionen_US
dc.subject.keywordsInequalityen_US
dc.subject.keywordsGlobalizationen_US
dc.subject.keywordsMarket structureen_US
dc.subject.keywordsCanadian businessen_US
dc.subject.keywordsCorporate ownershipen_US
dc.subject.keywordsMergers and acquisitionsen_US
dc.subject.keywordsGDPen_US
dc.subject.keywordsInflationen_US
dc.subject.keywordsStagflationen_US
dc.subject.keywordsMacroeconomicsen_US
dc.subject.keywordsInstitutionalismen_US
dc.subject.keywordsPost Keynesianismen_US
dc.titleThe Business of Power: Canadian Multinationals in the Postwar Era
dc.typeElectronic Thesis or Dissertationen_US

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