The Modern Corporation has undermined the preconceptions of classic economic theory as effectively as the quantum undermined classic physics at the b… - Gardiner Means

In traditional economic writings dealing with the economy as a whole, it is usually assumed that prices are highly flexible and that economic adjustment is brought about through price changes. We are going to examine inflexible prices.

Gradually but steadily, great segments of economic activity have been shifted from the market place to administration.

It is in the development of further administrative coordination that we must come to political scientists for aid. We ask that you apply to the field of economic administration the technique of analysis and principles of organization which you have developed in the study of administrative organization in the form of the state.