Sennett claims that the apparent decentralization of power in flexible organizations is only apparent. In fact, power remains concentrated in the hands of top level managers, often enhanced by the . . . . Continue Reading »


Sennett summarizes a study from the early 1990s done by the American Management Association, which found that “repeated downsizings produce ‘lower profits and declining worker . . . . Continue Reading »


Francis Fukuyama reviews Bruce Caldwell ‘s new biography of Hayek in the Spring 2004 issue of The Wilson Quarterly . According to Caldwell, Hayek’s argument against a managed economy was . . . . Continue Reading »

The Weber Thesis

Years ago, I read David Landes’s Prometheus Unbound for a class in economic history, and I can still remember the fascination I experienced at his descriptions of the steel industry (though . . . . Continue Reading »