Production management courses are often the repository for some of the most inappropriate and intellectually stultifying materials to be found in the… - Robert Aaron Gordon

The real revolution (in property rights) has already largely taken place; the great majority of stockholders have been deprived of control of their property through the diffusion of ownership and the growth in the power of management.

The more active working directors become, the more closely involved they resemble the executives now responsible for providing business leadership. A full-time working director is merely another official who is also a director. Wide adoption of the proposal for professional directors, particularly if management is able to select the directors itself, may merely make general the situation now found in some companies in which only the executive group is represented on the board.

Except for specialists such as market analysts and the like, economists as a professional group have had surprisingly little influence on businessman.