Managerial Revolution

Discipline: Political Science

Theory associated with James Burnham (1905-1981).

The characteristic feature of modern industrial societies is the rise of managers as the effective wielders of power, particularly in the economy. In capitalist societies this means that owners or capitalists are losing power; in state socialist or communist societies, that politicians or the working class are losing it.

Source:
James Burnham, The Managerial Revolution (London, 1941)

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