The purpose of this article is to explain why economists have neglected the corporation in their theorising. Adam Smith is the founder of mainstream economic theory. In Smith's eighteenth‐century world most things were produced by individuals or by family firms. Smith naturally took the...

Human liberation requires an affluent, egalitarian, and democratic society in which man is free from domination by nature's caprice and, in all spheres of life, free from domination by other men. The industrial revolution and technological advances of the eighteenth and nineteenth centuries held...