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How the Drafting of the Clayton Antitrust Act Helped Spread the Managerial Approach to Efficiency

How the Drafting of the Clayton Antitrust Act Helped Spread the Managerial Approach to Efficiency Managerial sciences are generally considered to be the art of efficiently running business. Their influence, though, extends far beyond the corporate sphere, and they play an important part in public administration and in particular in its dialog with society at large. Here, from the viewpoint of historical institutionalism, we document one of the earliest successful examples of the wider application of management science: the 1914 antitrust rules (the Clayton Antitrust and Federal Trade Commission Acts) from the perspectives of economic scholars as technical experts, the early years of the Wilson administration, and the spheres of business and society. The societal debate about business and efficiency and the successive implementation of scientific managerial ideas in the administrative sphere, saw management science permeate the whole of American society and become an almost irrefutable aspect of everyday life and representations, thereby enabling it to spread well beyond the boundaries of the firm. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Administration & Society SAGE

How the Drafting of the Clayton Antitrust Act Helped Spread the Managerial Approach to Efficiency

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References (57)

Publisher
SAGE
Copyright
© The Author(s) 2022
ISSN
0095-3997
eISSN
1552-3039
DOI
10.1177/00953997221133488
Publisher site
See Article on Publisher Site

Abstract

Managerial sciences are generally considered to be the art of efficiently running business. Their influence, though, extends far beyond the corporate sphere, and they play an important part in public administration and in particular in its dialog with society at large. Here, from the viewpoint of historical institutionalism, we document one of the earliest successful examples of the wider application of management science: the 1914 antitrust rules (the Clayton Antitrust and Federal Trade Commission Acts) from the perspectives of economic scholars as technical experts, the early years of the Wilson administration, and the spheres of business and society. The societal debate about business and efficiency and the successive implementation of scientific managerial ideas in the administrative sphere, saw management science permeate the whole of American society and become an almost irrefutable aspect of everyday life and representations, thereby enabling it to spread well beyond the boundaries of the firm.

Journal

Administration & SocietySAGE

Published: Mar 1, 2023

Keywords: business regulation; management history; public debate

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