Index

  • 401(k) plans
    • contributions, payroll deductions, 200
    • enrollment, 157–158
  • A
  • Adams, Charles Francis, 105
  • Adams, John, 49, 63–64, 66, 88
    • incumbent support, 84
  • Adams, Samuel, 56–57, 63
  • ADP, division, 157
  • Agency theory (Jensen), 118–119
  • “Age of Oligopoly,” 131
  • Agricultural Adjustment Act, 129
  • Airbnb
    • intermediary perspective, 192
    • local regulation exemptions claim, 152
  • A.L.A. Schechter Poultry Corp v. United States (1935), 129
  • Alger, Horatio, 111
  • Alibaba, investment, 2
  • Allein, Thomas, 43
  • Almy, William, 82
  • Alphabet (Google), dominance, 172
  • Amazon
    • challenges, 176–177
    • competition/innovation right, assertion, 191–192
    • control, increase, 173
    • dominance, 172–173
    • European Commission actions, 180
    • pressure, application, 173
    • technological/platform advantages, 155
    • work environment, harshness, 177
  • Amendments
    • Fifth Amendment, 70
    • Fourteenth Amendment, 70, 103–104, 108
    • Sixteenth Amendment, 114–115
  • American Capitalism (Galbraith), 130
  • American capitalism, corporate reconstruction, 115
  • American Dream
    • achievement, 202
    • opportunity, 17
  • American individualism, 87–88
  • American Revolution, 57, 73–76
  • American Telephone and Telegraph (AT&T)
    • government‐sanctioned monopoly/power, 126
    • MCI/DOJ antitrust lawsuits, 126–127
    • patents, ownership, 133
    • regional operating companies, spinoffs, 126–127
  • American Telephone and Telegraph (AT&T), size/control, 125
  • American Tobacco, Roosevelt actions, 114
  • Amoco, 126
  • Anchor customers, importance, 27
  • Andreesen, Marc, 160
  • Android (Google)
    • impact, 149
    • market share, 176
  • Anglican Church, dissenters (impact), 50–51
  • Antebellum investments, 105
  • Ant Group, crackdown, 4
  • Anti‐Federalists, warnings/opposition, 66–68
  • Antitrust enforcement, 172–178
    • action, increase, 173–174
    • decrease, 151
  • Antitrust legislation, requirement, 119
  • Antitrust Paradox, The (Bork), 136, 194
  • A&P. See Great Atlantic and Pacific Tea Company
  • Apple
    • closed marketplace, fees (extraction), 173
    • dominance, 172–173
    • European Commission actions, 180
    • growth, struggle, 161
    • market capitalization, 162
    • resuscitation, 149
    • Spotify, attack, 163
    • vulnerabilities, 38–39
  • Aristocratic class, creation (worries), 83
  • Arkwright, Richard, 82
  • “Arsenal of Democracy,” 130
  • Articles of Capitulation, property rights assurances, 51–52
  • Articles of Confederation, weakness, 65
  • Artificial intelligence, impact, 200
  • Astor, John Jacob, 85
    • wealth, 94
  • Authoritarian capitalism, understanding, 182–184
  • Authority, challenges/limitations, 8–11
  • Autobiography (Franklin), 55, 87
  • Automatic enrollment, usage, 200
  • Automobile industry
    • changes, 135
    • Ford transformation, 128
  • B
  • Baby Bells, creation, 126–127
  • Baby bonds, 201
  • Baby Boomers
    • social rebellion, 149–150
  • Baby Boomers, prominence/power, 141
  • Bank‐controlled corporations, stability, 117
  • Bank of England, government establishment, 48
  • Bankruptcy code, Congress establishment, 83–84
  • Banks, proliferation, 95
  • Barlow, John Perry, 150
  • Barriers, incumbent creation, 107
  • Bayh‐Dole Act of 1980, 135
  • B Corp, creation, 159
  • Beat Generation, impact, 137
  • Beatrice Foods, profitability (decline), 137
  • Bell, Alexander Graham, 111
  • Berle, Adolph, 118, 130
  • Berlin Wall, fall, 95, 141, 150, 170, 182, 189
  • Bessemer process, 109–110
  • Bethelem Steel
    • dominance, preservation, 127
    • investments, 115
  • Bezos, Jeff, 13, 202
    • work environment, harshness, 177
  • Biddle, Nicholas, 91
  • Biden, Joe (election), 169–170
  • Big‐box companies, rise, 154
  • Big businesses
    • dethroning, 133
    • rights, changes, 108–109
    • small business evolution, 103
  • Big companies, role, 156
  • Big corporations, distrust, 190–191
  • Big government, distrust, 190–191
  • Bigness
    • deregulation, 136
    • entrepreneurial activity, continuation, 132–133
    • push, 127–130
    • Sarnoff, impact, 133–134
    • test, 128–129
  • Big science, corporate conglomerates (relationship), 130–131
  • Big Tech
    • antitrust challenges, 172–178
    • complaints, 38–39
    • European Commission, approach, 180
    • hostility, 174
    • irony, 162–164
    • power, limitation, 180
    • supervision, calls, 173
  • Bill of Rights (England), 10, 47–48
  • Bill of Rights (US)
    • inclusion, 68
    • individual liberty, 70
  • Birthright funds, 201
  • BlaBlaCar, success, 2
  • Black laborers, reliance (South expansion), 96
  • BlackRock, social concerns, 198–199
  • Blackstone, William, 49
  • Boardrooms, political factors (impact), 117
  • Bolt, expansion, 2
  • Bork, Robert, 136, 194
  • Boston Massacre (1770), 56
  • Brandeis, Louis, 112–114, 129
  • Brexit, impact, 179
  • Britain
    • colonial markets, postwar access (loss), 82
    • “socialist lite” models, 131
  • British East India Company
    • Queen Elizabeth charter, 47
    • tea, sale (absence), 56
  • Brown, John, 56–57
  • Brown Shoe Company v. United States (1962), 132
  • Bryan, William Jennings, 113, 114
  • Buffett, Warren (“Giving Pledge”), 201
  • Bureau of Corporations, establishment, 114
  • Burke, Edmund, 64
  • Bush, Vannevar, 130–131
  • Business
    • shutdowns, cost, 17
    • War Industries Board powers, 128
  • C
  • Calvert, Cecil (Lord Baltimore), 52
  • Cantillon, Richard, 49
  • Capital
    • allocation, decisions (changes), 72
    • costs, reduction, 132
    • formation, 90
    • requirement, 105
    • sources, usage, 156
  • Capital gains taxes
    • code changes, 136
    • reduction, 151
  • Capitalism
    • authoritarian capitalism, understanding, 182–184
    • market‐based capitalism, 46
    • shareholder capitalism, 130, 198–199
    • softening, 18
    • varieties, 3
  • Carnegie, Andrew
    • entrepreneurial achievement, 110
    • entrepreneur of scale, 109–111
    • J.P. Morgan & Company, assistance, 110
    • Pennsylvania Railroad, support, 109
  • Carroll, Charles, 52
  • Carter administration, deregulation efforts, 136
  • Carter, Robert “King,” 53–54
  • Celler‐Kefauver Act (1950), 132
  • Central administration, problems, 72–73
  • Central banks, aversion (continuation), 92
  • Central planning, resistance, 131–133
  • Charles River Bridge v. Warren Bridge, 93
  • Charles Schwab
    • investment ease, 200
    • scale, gaining, 153–154
  • Charter of Freedoms and Exemptions, securing, 51–52
  • Chevron, 126
  • China
    • authoritarian capitalism, understanding, 182–184
    • central planning, impact, 131
    • common prosperity, focus, 183
    • dominance, 164
    • momentum, loss, 183–184
    • natural stagnation, 183–184
    • political unrest, 184
    • public sector investments, percentage, 117
    • social unrest, 184
    • start‐ups, increase, 7
  • Christensen, Clay, 28, 36
  • Churn rate (US), 6, 93, 139–140
  • Cisco Systems, spin‐in strategy, 157
  • Citgo, competition, 126
  • Citizens United v. Federal Election Commission decision, impact, 12, 158, 199
  • Civil Aeronautics Act (1938), 129
  • Civil Rights struggles, impact, 149
  • Civil War, 95–97, 109
    • outcome, 104
    • post‐Civil War economy, transformation, 119
    • pre‐Civil War local/regional businesses, emergence, 106
    • public market dependence, 197
    • racial undercurrents/scars, 103
  • Clayton Antitrust Act, 115, 132
  • Climate change, evidence (increase), 172
  • Clinton Administration, technology encouragement, 151
  • Clinton, Bill, 151
  • Clinton, DeWitt, 84
  • Clinton, George, 67
  • Cloud computing, growth (impact), 160
  • Co‐determination, 178–179
  • Coke, Edward, 43–44, 57
  • Colbert, Jean‐Baptiste, 48
  • Cold War, 120, 125, 134–135
    • fighting, 140
  • Collateral damage, toleration, 16–18
  • Colonial foundations, 43
  • Colonial openness, 50–52
  • Combined trusts, development, 107
  • Commentaries on the Laws of England (Blackstone), 49
  • Commerce
    • “dormant” commerce clause, 89
    • Supreme Court viewpoint, 109
  • Commercial activity, contract law (impact/importance), 71
  • Common law, 70–71
    • evolution, 89
    • inconsistency, 49–50
  • Common prosperity, focus, 183
  • Common Sense (Paine), 63, 83
  • Communications Act of 1934, 129
  • Communications Decency Act, Section 230 (impact), 152
  • Companies
    • big companies, role, 156
    • external constraints, 28–29
    • investors, company‐level categorization, 119f
    • layoffs, cost, 17
    • lifespan (S&P Index), 139f
    • oversight, cessation, 129
    • revenue ranking, 138
  • Competing interests
    • balance, problem, 12
    • political economy, 11–13
  • Competition
    • property, balance, 88–90
    • rationalization, 113
    • rights, property rights
      • balance, 201
      • contrast, 92–932
    • Standard Oil, impact, 106
  • ConAgra Foods, acquisitions, 137
  • Concentrated ownership, independence, 118–119
  • Conglomerates
    • corporate conglomerates, big science (relationship), 130–131
    • problems, 136
  • Congress. See United States
  • Consolidations, 111
  • Constitution. See United States Constitution
  • Consumer choice, bias, 194–195
  • Consumer market
    • changes, 153–155
  • Consumer market, growth (acceleration), 133
  • Consumers, examination, 15
  • Consumer welfare, 151
    • antitrust standard, 195
  • Continental Congress
    • Crown loyalty, 63
    • function, 65
  • Contracts
    • law, importance, 71
    • “will theory,” 89
  • Cooke, Jay, 107
    • war bonds, sales, 107
  • Coolidge, Calvin, 128
  • Copyright Law of 1710, 48
  • Copyrights, US Constitution protection, 86
  • Corporate‐administered marketplace, approach, 116
  • Corporate autonomy (US tradition), 115–120
  • Corporate bureaucracy, problem, 7
  • Corporate conglomerates, big science (relationship), 130–131
  • Corporate consolidation/concentration, abetting, 194
  • Corporate dynamism (US), 138–140
  • Corporate governance, impact, 14–15
  • Corporate independence, disadvantages, 116
  • Corporate lifecycle, position protection, 25
  • Corporate lifespan
    • decline, 139
    • Standard & Poor's 500 index study, 6
  • Corporate R&D, failings, 27
  • Corporate securities, government investment (discontinuation), 91–92
  • Corporate strategy
    • entry barriers, 30
    • public policy goals, clash, 31
  • Corporate strategy 2.0, 36–39
  • Corporate sustainability, 163–164
  • Corporate Sustainability Reporting Directive (CSRD), 181
  • Corporations
    • bank‐controlled corporations, stability, 117
    • challenges, 198
    • executives, concentrated ownership (independence), 118–119
    • regulation, Roosevelt (activist approach), 114
  • Costco, impact, 174
  • COVID crisis, 27, 150, 169–170, 179
  • Coxe, Tench, 81
  • Creative class, attraction, 159
  • Creative destruction, 72
    • absence, 164
    • cycles, acceleration, 86
    • impact, 190
    • natural forces, 184–185
  • Credit Suisse, 175
  • Crescent City Livestock Landing and Slaughterhouse Company, operation, 103
  • Crony capitalists, vulnerability, 6
  • Cronyism, 93–94
    • susceptibility, 15
  • Crowninshield family, business competition, 85
  • Cultural bias, 14
  • Cultural shift, 137–138
  • D
  • Darcy, Edward, 43–44
  • Database marketing, usage/core competency, 154
  • Data General, prosperity, 133
  • Declaration of Independence, 75, 83
  • Declaration of Independence of Cyberspace (1996), 150
  • Declaration of Rights (Virginia), 63–64
  • Default risk, investor overstatement, 136
  • Department of Justice (DOJ)
    • antitrust lawsuit, 126–127
    • enforcement, aggressiveness (increase), 132
    • Microsoft civil antitrust case, 148
  • Depression (trigger), Jackson (impact), 92
  • Derby, Elias (business competition), 85
  • Derby, Elias Hasket (wealth), 94
  • Deregulation, impact, 136, 151
  • Descartes, René, 46
  • Developed countries, middle‐income trap, 183
  • Developing world, entrepreneurship problems, 7
  • Didi Chuxing
    • market value, decrease, 3
    • rebranding, 2, 183
  • Didi Dache, market leadership, 2
  • Digital Equipment Corporation, prosperity, 133
  • Digital Markets Act (European Union), 180
  • Digital Services Act (European Union), 180
  • Digital transformation, 161
  • Disintermediation, risk (avoidance), 163
  • Disruption, 163, 202
  • Disruptive competition, 113
  • Distributive justice (argument), 113
  • Diversity, absence, 171
  • “Dollar‐a‐Year Men,” 128
  • “Don't Be Evil” (Google), 16, 162
  • DoorDash, disruption, 175
  • “Dormant” commerce clause, 89
  • Dot‐com bubble, 148, 157
  • Dot‐com crash, 150, 155–156
  • Dow Jones Industrial Average, 6
  • Drexel Burnham Lambert, dissolution, 156
  • Drucker, Peter, 35–36, 132
  • Due process, deployment, 104
  • Duke, James, 106, 114
  • DuPont
    • acquisitions, 132
    • military business, growth, 128
  • Dutch East India Company, impact, 47
  • E
  • Economic anarchy, 75
  • Economic elites
    • churn rate, 93
    • impact, 93–95
  • Economic growth, support, 104
  • Economic inequality (social concern), 170, 202
  • Economic interests/attitudes, competition, 66
  • Economies of scale, 32, 37, 86
    • Rockefeller exploitation, 106
    • understanding, 109–110
  • Ecosystems, corporate strategy (relationship), 36–38
  • Edison, Thomas, 34, 105, 112, 150
  • Elizabeth I. See Queen Elizabeth I
  • Emerson, Ralph Waldo, 87, 150
  • Engine No. 1, proxy contest win, 182
  • England, headright grants, 46
  • Engraver's Act of 1735, 48
  • Enlightenment, 73, 75
    • impact, 8, 10
  • Entrepreneurial activity
    • continuation, 132–133
    • US leadership, 3–4
  • Entrepreneurial advantage, maintenance, 189
  • Entrepreneurial balance, 115–117, 151–152
  • Entrepreneurial capitalism, 150
    • ability, evidence, 178
    • innovation/renewal generation, 189
  • Entrepreneurial dynamism, fostering/harnessing, 31–32
  • Entrepreneurial economy
    • features (US), 13–15
    • political system, balance, 11
    • upstarts/incumbents/innovation, relationship, 34–36
  • Entrepreneurial ecosystem, large company contribution, 26
  • Entrepreneurial future, 202–203
  • Entrepreneurial nations, growth, 7
  • Entrepreneurial prosperity, impact, 190–191
  • Entrepreneurial rebels, 57
  • Entrepreneurial republic, building, 81
  • Entrepreneurial revolution, 147
  • Entrepreneurial spirit (Unternehmergeist), 35
  • Entrepreneurs
    • challenges/barriers, 5
    • economic theory, 48–50
    • emergence/rise, 73–76
    • experience, 32–33
    • opening, American law (impact), 72
    • resistance/co‐optation, impact, 5
  • Entrepreneurship, 150
    • barometer, 4
    • breakthroughs, 45–48
    • expansion, 163–164
    • factors, 14
    • impact, 95–96
    • inclusive entrepreneurship, 195–196
    • long‐term success, question, 4–5
    • problems (developing world), 7
  • Entry barriers, construction, 30–31
  • Environmental, social, and governance (ESG) goals, 199
  • Environmental, social, and governance (ESG), increase, 182
  • Environmental, social, and governance (ESG) issues, 158, 198
  • Environmental, social, and governance (ESG) movement, 172
  • Environmental, social, and governance (ESG) oversight, company factors, 15
  • Epic Games, AppStore argument, 173, 176
  • Equal protection, deployment, 104
  • Equity capital, abundance, 197
  • Equity ownership, broadening, 199–201
  • Erie Canal
    • completion (1825), 84
    • costs, reduction, 86
    • infrastructure development, 193
  • Erie Railroad, control, 91
  • Essay on the Nature of Commerce (Cantillon), 49
  • Establishment, social rebellion, 149–150
  • Etsy, impact, 177
  • European capitalism/regulation, assessment, 178–182
  • European foundations, 43
  • European Union
    • disclosure/transparency, importance, 181
    • founding, 179
  • Evergrande, financial crisis, 4, 183–184
  • Expansion, culture (creation), 4–5
  • Experience curve, 132
  • ExxonMobil, 126
    • Engine No. 1, proxy contest win, 182
    • market capitalization, size, 139
    • public proxy contest, loss, 172, 198
  • F
  • Facebook
    • acquisitions, 162
    • “buy and bury” scheme, 174
    • European Commission actions, 180
    • founding, 156
    • intermediary perspective, 192
    • Meta (dominance), 172
    • power, 152
    • TikTok challenge, 163
  • Facebook, Apple, Amazon, Netflix, and Google (FAANG), scrutiny, 38
  • Fairchild Semiconductor, founding, 137
  • Fair use, definitions (meeting), 152–153
  • Farmer, Paul, 158–159
  • Favoritism, 14
    • avoidance, 11
  • Federal Aviation Administration, 129
  • Federal Communications Commission (FCC), setup (1934), 129
  • Federal government
    • nondemocratic elements, fading, 75
    • states, relationship, 68–69
  • Federalist No. 10 (Madison), 11, 67, 192
  • Federal Reserve System, creation, 115
  • Federal Trade Commission (FTC)
    • challenges, 135
    • creation, 115
    • enforcement, aggressiveness (increase), 132
  • Ferguson, Niall, 183–184
  • Fidelity, investment ease, 200
  • Fiduciaries, “prudent man” standard (relaxation), 107
  • Field, Stephen, 104
  • Fifth Amendment, 70
  • Finance
    • decentralized access, 196–198
    • Jackson decentralization, 91–92
    • transformation, 156–157
  • Financial crisis (2008), 169
    • recovery, 170–171
  • Financial engineering, impact, 155–158
  • Financial instruments, growth, 156
  • Financial liberalization, impact, 137
  • Financial resources, risk, 5
  • Financing engineers, impact, 155–158
  • Fink, Larry, 182, 198
  • Firms
    • domestic rivalry, 34
    • efficiency, reduction, 135
    • evolution, allowance/encouragement, 176
  • First Bank of the United States, building, 85
  • Five forces (Porter), 30
  • Floyd, George (murder), 17, 169
  • Forbes 400 members, aggregate net worth (increase), 94
  • Ford, Henry, 106, 128
  • Formalism, 96
  • Four Seasons Hotels, evolution, 33
  • Fourteenth Amendment (US), 70, 103–104, 108
  • France
    • corporate governance (state administration roles), 116–117
    • monarchy, break (analysis), 72–73
    • “socialist lite” models, 131
  • Franklin, Benjamin, 34, 54–55, 65, 87, 150
  • Frederick the Great, reforms, 45
  • Free banking, era, 92
  • Free markets, embrace (Reagan/Bush administrations), 151
  • FREE NOW, Hailo merger, 2
  • French and Indian War, 53, 55
  • Friedman, Milton, 136, 198
  • FTSE 100, London Stock Exchange index study, 140
  • Fulton, Robert, 89
  • Fundamental Orders of Connecticut, 51
  • G
  • Gadsen, Christopher, 56–57
  • Galbraith, John Kenneth, 130
  • Gaspee (destruction), 56
  • Gates, Bill, 138, 202
  • General Data Protection Regulations (GDPR), 180–181
  • General Electric (GE)
    • index drop, 6
    • patents, ownership, 133
    • size (S&P 500 index), 139
    • survival, problem, 177
    • transformation, 157
  • General Motors
    • acquisition, 132
    • rescue, 156
  • Gentlemen's agreement (Roosevelt), 110–111, 114
  • Germany
    • corporate governance, state administration roles, 116–117
    • economic model, pressure, 179
  • Gibbons v. Ogden, 88–89, 90, 93
  • GI Bill, 130, 199
  • Gig economy
    • jobs, creation, 17
    • workers, employee treatment, 1
  • Gilded Age, 111
  • Girard, Stephen, 85, 97
  • “Giving Pledge” (Buffett), 201
  • Glass‐Steagall Act (1933), 130
  • Glorious Revolution (1688), 10, 44, 47–48, 57, 69
  • Golden Era, cessation, 47
  • Gold Rush (1849), 91
  • Google
    • competition/innovation right, assertion, 191–192
    • dominance, 172
    • “Don't Be Evil,” 16, 162
    • European Commission actions, 180
    • impact, 173
  • Gordon, Robert, 96–97
  • Gould, Jay, 91
  • Government
    • constraints, reduction, 104
    • control, invisible hand (power), 83
    • disrupting, 158–159
    • financing, Girard (impact), 85
    • government‐sponsored cartels, Roosevelt support, 129
    • hands‐off approach, 190
    • intervention, 125–126
      • limitation, 109
    • limitation, 192–194
    • openness, impact, 87
    • policy, entrepreneurial energy (combination), 200–201
    • reinventing, 151, 158–159
  • Great Atlantic and Pacific Tea Company (A&P)
    • founding/success/backlash, 23–25
    • pivot, 25
    • pricing arrangements, 129
  • Great Depression, 120, 125
    • bigness, test, 128–129
    • overcoming, 140
  • Great dismantling, 134–137
  • Great merger movement, 112, 113
  • Great Resignation, 170
  • Green entrepreneurship, 18
  • Greenfield opportunities, 32
  • Greenwashing, 181
  • Growth share matrix, 132
  • Guerilla strategies, 34
  • Gulf, competition, 126
  • Gulf & Western, diversification, 132
  • H
  • Hailo, FREE NOW merger, 2
  • Hamilton, Alexander, 49, 67, 75, 81–82, 90
    • states debt assumption, insistence, 84
    • vision, competition, 83–85
  • Hancock, John, 53, 56–57, 64, 93
  • Hancock, Thomas, 53
  • Hartford, John/George, 23, 25
  • Hartford Sermon (Hooker), 51
  • Hartz, Louis, 11
  • Hatch‐Waxman Act of 1984, 135
  • Headright grants, 46
  • Hedge funds, management, 156
  • Heinz, H.J., 106
  • Henry, Patrick, 56–57, 67
  • Hewlett‐Packard
    • competitiveness, 177
    • division, 157
  • High‐Tech Colbertism, 48
  • Home Depot, impact, 174
  • Homestead Act (1862), 104
  • Honda, brand acceptance/operations expansion, 135
  • Hong Kong, liberties (China crackdown), 184
  • Hooker, Thomas, 51
  • Hudson Henry, 51
  • Hyundai, brand acceptance/operations expansion, 135
  • I
  • IBM
    • hardware units, sale, 156–157
    • incumbency, attack, 161
    • momentum, 160
    • outmaneuvering, 147
    • prosperity, 133
    • shortsightedness, 137–138
  • Impact investing, impact, 159
  • Imperial incumbency, resistance, 55–57
  • Incentive systems, impact, 7
  • Inclusion, absence, 171
  • Inclusive entrepreneurship, 195–196
  • Incumbency, dangers, 138
  • Incumbents
    • age/aging, 125
    • barriers, creation, 107
    • combination, 111–112
    • decision‐making/discipline, 28
    • disruption, 150
    • entrenched incumbers, development (occurrence), 52–54
    • entrepreneurial economy, relationship, 34–36
    • growth orientation, 27
    • local incumbents, losses, 106–108
    • problems, 29
    • property rights, changes, 152
    • prosperity, 133
    • shortcomings/limitations, 27–28
    • strengths, leverage, 193
    • study, 26
    • understanding, 26–30
    • upstarts
      • battle, 15
      • challenges, 6
      • collaboration, 169
      • dynamism, 38
    • weapons, 30–31
  • India, start‐ups (increase), 7
  • Individual initiative, deference, 70
  • Individualism, 87–88
  • Individual Retirement Account (IRA), development, 157–158
  • Individuals, power (increase), 2032
  • Industrial democracy (argument), 113
  • Industrial mutation, 36
  • Industrial Revolution, 73
    • innovation, democratization, 44
  • Industries, transformation, 32
  • Inflection point, 169
  • Information, usage/core competency, 154
  • Infrastructure
    • development, 193
    • public investment, 5
  • Initial public offering (IPO), impact, 197
  • Innovation
    • commercialization/development, 36
    • continuation (US), 86
    • dampening, 30–31
    • democratization, 44
    • deterrence, 112–113
    • development, protectionists/rentiers (attack), 68
    • economy, acceleration, 153
    • entrepreneurial economy, relationship, 34–36
    • impact, 193
    • lauding, 150
    • market access, support, 15
    • pursuit, 116
    • support, 16
  • Innovators, dilemma, 153–154
  • Innovator's Dilemma, The (Christensen), 28
  • Inquiry into the Nature and Causes of the Wealth of Nations (Smith), 83
  • Instagram, acquisition, 162, 174
  • Intel, formation, 137
  • International Telephone and Telegraph, diversification, 132
  • Interstate Commerce Commission, formation, 108–109
  • Investors, company‐level categorization, 119f
  • Invisible hand, power, 83
  • iOS (Apple), impact, 149
  • Irving, Washington, 87
  • Israel, innovation (growth), 8
  • Italy, “socialist lite” models, 131
  • J
  • Jackson, Andrew
    • anti‐monopoly tradition, 112–113
    • finance decentralization, 91–92
  • James I, grants (issuing), 44
  • Japan
    • Ministry of International Trade and Industry (MITI), impact, 131
    • success, 135
  • Jefferson, Thomas, 48–49, 67, 75, 150
    • anti‐monopoly tradition, 112–113
    • government perspective, 192–193
    • vision, competition, 83–85
  • Jensen, Michael, 118, 136, 198
  • JetBlue, scale (gaining), 153–154
  • Jet.com, formation/success, 175–176
  • Jinping, Xi
    • “common prosperity” focus, 183
    • country control, 183
    • “new development concept,” 183
    • private sector control, 3
  • Jobs, Steve, 34, 138, 161–162, 177
  • J.P. Morgan & Company, 196
    • financial assistance, 110
    • mergers, reduction, 116
    • Pujo Committee investigation, 113
    • rescue, 15
  • Junk bonds
    • creation, 15
    • investments, 136
  • K
  • Kalanick, Travis, 1–2
  • Keiretsu (Japan), growth, 7
  • Kent, James, 49
  • Kia, brand acceptance/operations expansion, 135
  • Killer apps, impact, 148
  • King James II, replacement, 47–48
  • Kingsbury Commitment (1913), 126
  • Kirzner, Israel, 33
  • Kmart, competition, 155
  • Kodak, decline, 177
  • Kohlberg, Kravis & Roberts, acquisitions, 137
  • Kopp, Wendy, 158
  • Kuaidi Dache, Didi Dache merger, 2
  • L
  • Laissez‐faire innovations, democratization/dissemination, 128
  • Laissez‐faire operation, 93
  • Laissez‐faire populism, promotion, 91
  • Large corporate firms, importance, 26–27
  • Large‐scale enterprise, control (organizational framework), 112
  • Large‐scale industrial capacity, government usage, 193
  • Law, due process, 108
  • Laws of Disruption, The (Downes), 178
  • Lean start‐up, facilitation, 160
  • Lee, Richard Henry, 67
  • Legacy systems/processes, impact, 32
  • Legal origins, importance, 71
  • Legal realism, 111
  • L'Enfant, Pierre, 81
  • Leveling principle, 66
  • Leveraged buyout (LBO), usage, 137
  • Lexington (flagship), 90
  • Liberty (burning), 56
  • Lincoln, Abraham, 44, 104
  • Linux (open system), 149
  • Livingston, Robert, 89
  • Lobbying, increase, 192
  • Local banks
    • number, decline, 196–197
  • Local banks, emergence, 85
  • Local incumbents, losses, 106–108
  • Locke, John, 10, 46, 48–49, 52, 57, 67
  • Lord Fairfax, 54
  • Lore, Marc, 175–177
  • Louisiana Purchase (1803), 84–85
  • Lowell, Francis, 87
  • Luddites, impact, 200
  • Lyft
    • competition, 1
    • intrusion, 194
    • scale, gaining, 179
  • M
  • Macron, Emmanuel, 179
  • Madison, James, 11, 66, 67, 83, 192
  • Magna Carta (property rights recognition), 8
  • Ma, Jack (detention), 4
  • Managerial expertise, governmental usage, 193
  • Manhattan Project, 130, 138
  • Marconi Wireless Telegraph Company, 133
  • Marginalism, doctrine, 111
  • Marketplaces, creation, 196
  • Markets
    • access, 69
      • bias, 194–195
    • capitalization, decrease, 138
    • crowding, 86–87
    • development, 106
    • entry strategies, 32
    • market‐based capitalism, 46
    • public credit markets, role, 197
    • start‐up entry, 31–34
  • Marshall, John, 49, 88, 93
  • Marshall Plan, 131
  • Mason, George, 63–64
  • McCormick, Cyrus, 96
  • MCI, antitrust lawsuit, 126–127
  • McKinley, William, 113
  • Means, Gardner, 118
  • Mercantilism, theory, 45
  • Merger movement, 119
  • Merrill Lynch, investment ease, 200
  • Meta (Facebook), dominance, 172
  • Me‐Too movement, 169
  • Microsoft
    • commitments, 195
    • competition/innovation right, assertion, 191–192
    • DOJ civil antitrust case, 148, 153
    • dominance, 172–173
    • European Commission fines, 180
    • intellectual property control, 138
    • Netscape challenge, 148
    • operating system, challenges, 149
    • risk, competitor pre‐emption, 148
    • success, 147–148
  • Microsoft millionaires, creation, 147
  • Mid‐career re‐skilling, 200
  • Middle‐income trap, 183
  • Military spending, increase (Reagan), 151
  • Milken, Michael, 136, 156
  • Ministry of International Trade and Industry (MITI) (Japan), impact, 131
  • Mittelstand firms (Germany), growth, 7
  • Monarchy, break (France), 72–73
  • Monopolies, progressive response, 112–115
  • Montesquieu, Baron de, 49, 67
  • Morgan, J.P., 107
  • Morrill Land‐Grants Acts (1862), 104, 199
  • Morris, Robert, 64, 75, 85, 93
  • Moses, Brown, 82
  • Motorola, displacement, 161
  • Mun, Thomas, 48
  • Musk, Elon, 202
  • Myspace, Facebook (impact), 176
  • N
  • Nader, Ralph, 135, 194
  • Napoleonic code, 89
  • Napster, copyright issues, 152, 192
  • Nasdaq, challenges, 155
  • National Banking Acts (1863‐1866), 107
  • National banks, development (New York), 107
  • National Broadcasting Company (NBC), RCA launch/expansion, 133–134
  • National champions
    • creation, 119
    • favoritism, 140
    • promotion, 7, 34
  • National Industrial Recovery Act (1933), 129
  • National Recovery Administration (NRA), establishment, 129
  • Natural monopolies, 173
    • AT&T control, 125–126
    • doctrine, 108
  • Natural rights, concept, 48–49
  • Natural stagnation, 183–184
  • Navigation Acts (1650/1660), 51, 55
  • Net neutrality, issue, 152
  • Netscape, 160
    • initial public offering, 147–149
  • Networks
    • corporate strategy, relationship, 36–38
    • effects, 37–39, 148
    • open networks, development, 37
    • power, Rockefeller exploitation, 106
  • New Amsterdam, founding, 51–52
  • “New development concept,” 183
  • “New Economy” (1999), 177
  • New Establishment, landing, 150
  • “New Freedom” (Wilson), 115
  • New knowledge, impact, 35–36
  • “New Nationalism” (Roosevelt), 115
  • New York Stock Exchange
    • capital, channeling, 107
    • challenges, 155
    • impact, 197
    • market, struggle, 95
  • Niche offerings/providers, impact, 154
  • Nissan, brand acceptance/operations expansion, 135
  • Noblesse oblige, 74
  • Nokia, displacement, 161
  • North (US)
    • economic model, validation, 104
    • innovation, 96
  • North‐South division (US), 95–97
  • Northwest Ordinance (1787), 84–85
  • Nouveau riche class, encouragement, 88
  • Nucor, market share impact, 154
  • O
  • Obama, Barack, 153
  • Occupy Wall Street movement, 169
  • Oglethorpe Plan (Georgia), 52
  • Oil Crisis (1970s), 127
  • Oil leases, Rockefeller purchase, 110
  • Oil supply shocks, 134, 135
  • Old World, opportunities, 45
  • Oligarchies, domination, 131
  • Oligopoly
    • “Age of Oligopoly,” 131
    • success, 150, 183
  • Olson, Mancur, 12
  • Open corporation laws, shift, 95
  • Open networks, development, 37–38
  • Open systems, challenges, 149
  • Opportunity
    • sources, 35–36
    • zones, success, 194
  • Opt‐in/opt‐out marketing, impact, 195
  • Organizational challenges, 29
  • Other People's Money and How the Bankers Use It (Brandeis), 113
  • Outsourcing, development, 37
  • P
  • Paine, Thomas, 63
  • Palo Alto Research Center (PARC), 138
  • Panic of 1837, 92
  • Panic of 1907, 115
  • Paper money, substitution, 66
  • Partners in Health, founding, 158–159
  • Patent Office, impact, 83–84
  • Patents
    • corporate entity holdings, 112
    • laws, updates, 153
    • radio patents, ownership (worry), 133
    • trolls, control, 153
    • US Constitution protection, 86
  • Paterson, founding, 81–82, 90
  • Patroonships, allowance, 51–52
  • Peace of Paris (1783), 65
  • Peale, Charles Wilson, 56–57
  • Penn Central railroad, bankruptcy (1970), 134
  • Penn, John, 52, 54, 64, 75
  • Pennsylvania, constitution, 64
  • Pension funds, investment ability, 137
  • “People's Line,” 90
  • Personal computing
    • growth, 137–138
    • operating system, dominance, 147
  • “Personhood” (Supreme Court extension), 108
  • Philanthropy, impact, 201–202
  • Physiocrats, focus, 49
  • Platforms
    • corporate strategy, relationship, 36–38
    • technologies, impact, 148
  • Political CEO, characterization, 199
  • Political foundations, impact, 14
  • Political risks, 31
  • Political stability, 67
  • Political systems, economic systems (relationship), 12–13
  • Popham Colony, 44
  • Popham, John, 44
  • Porter, Michael, 30
  • Portfolio
    • diversification, financial advantages, 132
    • management, benefits, 132
  • Postwar affluence, impact, 135
  • Powers, separation, 68–69, 109
  • Private equity funds, management, 156
  • Private initiative, opportunities, 48
  • Private ordering, 11
    • orientation, 71–72
  • “Privileges and immunities” provision, 104
  • Proclamation of 1763 (Parliament), 55
  • Production, improvements, 106
  • Professional manager, creation, 112
  • Property
    • competition, balance, 88–90
    • control, 66
  • Property rights, 67
    • balance, 31
    • competition rights
      • balance, 201
      • contrast, 92–93
    • expansion, 151
    • importance, 89
    • incumbent property rights, changes, 152
    • protection, 83–84
    • rebalancing, 153
    • recognition, 8, 10
  • “Prudent man” rule, establishment, 15
  • “Prudent man” standard
    • adoption, 197
    • relaxation, 107
  • Public credit markets, role, 197
  • Public equity market, strength, 197
  • Pujo Committee investigation, 113
  • Puritan ideology, emphases, 50–51
  • Puritan theocracy, 54
  • Purposeful Darwinism, 177
  • Q
  • Queen Elizabeth I
    • backlash, 10
    • British East India Company charter, 47
    • impact, 43–44
  • Quicken, acquisition, 153
  • Quidsi, acquisition, 175
  • Quill Corp. v. North Dakota, 152
  • R
  • Racism, undercurrents, 103
  • Radio Corporation of America (RCA)
    • GE spinoff, government enforcement, 134
    • National Broadcasting Company (NBC) launch/expansion, 133–134
  • Radio, development (acceleration), 133
  • Railroads
    • capital, requirement, 105
    • competition, government intervention (call), 105
    • consolidators, impact, 107
    • dethroning, 133
    • Interstate Commerce Commission, federal regulation, 108
    • progress, 104–106
    • public market dependence, 197
  • Raytheon
    • founding, 131
    • prosperity, 133
  • RCA. See Radio Corporation of America
  • Reagan administration, deregulation efforts, 136
  • Reagan, Ronald (military spending/deregulation increases), 151
  • Reflections on the Revolution in France (Burke), 64
  • Regional ownership distribution, 118f
  • Regulatory capture, 31
  • Research and development (R&D)
    • business, government entry, 130
    • failings, 27
  • Research, impact, 193
  • Research institutions, public investment, 5
  • Re‐skilling, 200
  • Revlon Rule, 136–137
  • Rhode Island, charter (1663), 46
  • Rights of Man, The (Paine), 64
  • Risk‐enabling finance, impact, 14–15
  • Risk‐taking
    • avoidance, 117
    • encouragement (US), 7
  • Rivals
    • buyouts, 106
    • competition, 136
  • Robinhood, disruption/impact, 155, 200
  • Robinson‐Patman Act (1936), 24, 129
  • Robotics, impact, 200
  • Rockefeller, John D., 106
    • court beneficiary, 126
    • oil leases, purchase, 110
  • Roosevelt, Franklin D.
    • government‐sponsored cartels, 129
  • Roosevelt, Theodore, 113
    • activist approach, 114
    • “gentlemen's agreement,” 110–111, 114
    • New Nationalism, 115
    • statist approach, 114
  • Royalists, civil war, 47
  • Ruinous competition, chaos, 108
  • Rule of law, supremacy, 69
  • “Rule of Reason” (Supreme Court establishment), 114
  • Rush, Benjamin, 56–57, 75
  • S
  • Santa Clara v. Southern Pacific, 108, 158
  • Sarnoff, David (impact), 133–134
  • Scale. See Economies of scale
    • advantages, usage, 111
    • Carnegie, Andrew, 109–111
    • gaining, 153–154
  • Schechter Poultry decision. See A.L.A. Schechter Poultry Corp v. United States
  • Schumpeter, Joseph, 6, 33, 35, 36, 94
  • Schwab, Charles, 127
  • Scientific Revolution, impact, 8, 10
  • Sears, competition, 155
  • Sears, Richard, 105
  • Secondat, Charles‐Louis de, 49
  • Second Bank of the United States, 91
  • Securities and Exchange Commission (SEC), shareholder protection, 130
  • Self‐made man (Franklin), 54–55
  • Shareholder
    • activism, 182
    • SEC protection, 130
  • Shareholder capitalism
    • development, 130
    • evolution, 198–199
  • Shareholdings, dispersal, 117
  • Shay's Rebellion (1786), 66
  • Shell, competition, 126
  • Sherman Antitrust Act, 114
    • FTC usage, 24
    • impact, 107–109
  • Shockley Semiconductor, “Traitorous Eight” exit, 137
  • Shopify, impact, 177, 196
  • Short‐term borrowing, options (increase), 132
  • Silicon Valley
  • Singer, Isaac Merritt, 106
  • Sixteenth Amendment, 114–115
  • Slater, Samuel, 82
  • Slaughterhouse Cases (1873), 104
  • Small businesses
    • challenges, 196
    • evolution, 103
    • growth, 33
    • unfair competition protection, 129
  • Smith, Adam, 10, 34, 48
  • Social business, engagement, 159
  • Social concerns, 170–172
  • Social entrepreneurship, 18, 158
    • hybrid forms, emergence, 159
    • impact, 201–202
  • Social issues, focus, 178
  • “Socialist lite” models, 131
  • Social rebellion, 149–150
  • Society for Establishing Useful Manufactures (SEUM), founding, 81–82
  • Software as a service (SaaS), concept, 160
  • Sons of Liberty, disguise, 56–57
  • South (US)
    • agricultural commodities emphasis, 96
    • anti‐monopoly tradition, 112–113
    • development, lag, 97
  • Spin‐ins, strategy, 157
  • Spinoza, Baruch, 46
  • Spirit of the Laws (Montesquieu), 49
  • Spotify, attack, 163
  • Stamp Act of 1765, support, 55–56
  • Standard Oil Corporation
    • breakup, 114
    • competition destruction, 106
    • holding company charter, 107
    • price discrimination, 152
    • Roosevelt actions, 114
    • size/control, 125
    • trust regulation circumvention, 107, 112
    • user prices, reduction, 126
  • Standard & Poor's 500 Index
    • company lifespan, 139f
    • study, 6
  • Starbucks, impact, 154–155
  • Start‐ups, 31–34
    • activity, global investments, 4
    • enterprises, encouragement, 189
    • increase (China/India), 7
    • increase (US), 135
    • lean start‐up, facilitation, 160
  • States
    • competition, impact, 69–70
    • debt assumption, Hamilton insistence, 84
    • federal government, relationship, 68–69
  • Statute on Monopolies, passage, 44
  • Steam power, impact, 86
  • Steam technology, investment, 89
  • Steel manufacturing, Carnegie focus, 109–110
  • Stigler, George, 136
  • Stock ownership
    • encouragement, 157–158
    • usage, 200
  • Story, Joseph, 93
  • Substantive due process, 70, 108
  • Success, culture, 202
  • Sugar Act of 1764, 55
  • Supermarket, creation, 24–25
  • Supply‐meets‐demand equilibrium, 33
  • Sustainable Finance Disclosure Regulation (SFDR), EU passage, 181
  • Sustaining innovation, incorporation, 26
  • Swift, Gustavus, 105–106
  • Systematic management, techniques, 112
  • T
  • Taft, William Howard, 113, 114
    • hands‐off approach, 115
  • Taney, Roger, 93
  • Target, impact, 174
  • Taxes, postponement, 66
  • Technical debt, 29
    • avoidance, 160
  • Technological unemployment
  • Technologies
    • changes, 193, 195
    • leverage, 105–106
    • opportunities, 45
    • platforms/marketplaces, data collection ability, 191–192
    • possibilities, 160
  • Telecommunications Act (1995)
    • criticism, 152
    • Section 230, effectiveness, 194
    • telephone number portability, 195
  • Telephone portability, importance, 151
  • Tencent Holdings, investment, 2
  • Tennessee Coal and Iron Company, acquisition, 110, 114
  • Terman, Frederick, 131
  • Tesla, founding/launch, 156, 194
  • Texaco, competition, 126
  • Third‐party providers, marketplaces (creation), 196
  • Thoreau, Henry David, 88
  • Throughput, volume (increase), 106
  • Tiananmen Square, crackdown, 182
  • TikTok
  • Tocqueville, Alexis de, 73, 87
  • Townsend Duties (1767), passage, 56
  • Toyota, brand acceptance/operations expansion, 135
  • Trade, protection (absence), 104
  • “Traitorous Eight,” 137
  • Transcontinental railroad, subsidization, 104
  • Travis's Law, 2
  • Trump, Donald (divisiveness), 169
  • Trustees of Dartmouth College v. Woodward, 88, 93
  • Trusts, regulation (circumvention), 112
  • Twain, Mark, 111
  • Twitter, power, 152
  • Two‐party system, persistence, 72
  • Two Treatises of Government (Locke), 48
  • U
  • Uber
    • expansion/success, 1–2
    • founding, 156
    • intermediary perspective, 192
    • intrusion, 194
    • local regulation exemptions claim, 152
    • scale, gaining, 179
  • UberChina, sale, 2
  • Uber Eats, disruption, 175
  • Unicorns
    • creation, 3–6
    • US leadership, 4
  • Unionization, preemption, 116
  • United Kingdom
    • Anglo‐Saxon business model, 117
    • economy, challenges, 7
  • United States
    • Anglo‐Saxon business model, 117
    • balance, continuation, 191–192
    • capitalism, corporate reconstruction, 115
    • churn rate, 6, 139–140
    • colonial foundations, 43
    • colonial openness, 50–52
    • Congress, bankruptcy code establishment, 84
    • corporate‐administered marketplace, approach, 116
    • corporate dynamism, 138–140
    • cultural shift, 137–138
    • development, Federalists (impact), 83
    • economic anarchy, 75
    • economic destiny, control, 184–185
    • economic elites, impact, 93–95
    • economic privileges, control, 67
    • economy
      • consolidation, 111
      • growth, 74
      • transformation, 119
    • entrepreneurial economic system, 68
    • entrepreneurial economy, features, 13–15
    • entrepreneurial political economy, stability/security, 13
    • Fifth Amendment, 70
    • Fourteenth Amendment, 70, 103–104, 108
    • individualism, 87–88
    • innovation, continuation, 86
    • liberal economic policy, impact, 164
    • local banks, emergence, 85
    • marketplace, incremental changes (impact), 86
    • mixed economy, strength, 69
    • North‐South division, 95–97
    • political economic system, 69–70
    • political economy, origin, 67–68
    • pro‐entrepreneur political economy, 68
    • property rights, 10
    • shareholdings, dispersal, 117
    • Sixteenth Amendment, 114–115
    • striving, government openness (impact), 87
    • success, continuation, 192–202
  • United States Constitution
    • compromises, 65–67
    • entrepreneurialism, 68–72
    • passage, impact, 72–73
    • supremacy, importance, 88
  • United States Steel Company
    • antitrust attention, avoidance, 115
    • creation, 110–111
    • market share, loss, 153–154
    • protection, loss, 127
    • size/control, 125
  • Unocal, competition, 126
  • Unternehmergeist (entrepreneurial spirit), 35
  • Upstarts
    • bias, 65–66
    • change, 16
    • entrepreneurial dynamism, continuation, 94–95
    • entrepreneurial economy, relationship, 34–36
    • entrepreneurship, 147
    • focus, 128
    • impact, 65
    • incumbents
      • battle, 15
      • collaboration, 169
      • dynamism, 38
    • strengths, leverage, 193
    • upstart‐incumbent dynamic, American Revolution emergence, 75–76
  • Utilitarianism (concept), 111
  • V
  • Vanderbilt, Cornelius, 13, 89, 97, 202
    • entrepreneurship, 90–91
    • wealth, 94
  • Vanguard, investment ease, 200
  • Venture‐backed companies, exit value (increase), 157
  • Venture capital, 198
    • creation, 15
    • expansion, 163–164
    • financial liberalization, impact, 137
    • GDP percentage ranking, 9f
    • pension funds, investment ability, 137
    • success, 189–190
  • Venture capitalists, race/ethnic/gender diversity (share), 171f
  • Venture funding, diversity/inclusion (absence), 171
  • Venture funds, investments, 157
  • Venture philanthropy, impact, 159
  • Vertical integration, 37, 112
  • Vietnam War, impact, 135, 150
  • Virginia Declaration of Rights, drafting, 63–64
  • VOC, impact/success, 47
  • W
  • Walmart
    • Amazon competition, 175
    • growth, 154–155
  • Walton, Sam, 154
  • War bonds, sales, 107
  • War Industries Board, business powers, 128
  • War of 1812, 84–85
  • Washington, George, 53, 55, 64, 75, 83
  • Watergate, impact, 135, 149
  • Way to Wealth, The (Franklin), 54
  • Wealth
    • concentration, economic/political power (relationship), 95
    • generation, 202
  • Wealth of Nations, The (Smith), 48
  • Weber, Max, 50–51
  • Webster, Daniel, 93
  • Webvan, business closure, 155–156
  • Welch, Jack, 157
  • Western Electric, spinoff, 126–127
  • Western Union, 111
    • divestiture, 126
  • Westinghouse, patents (ownership), 133
  • WhatsApp, acquisition, 162, 174
  • Whitney, Eli (cotton gin commercialization failure), 86
  • William of Orange, impact, 47–48
  • Williams, Roger, 51
  • “Will theory” (contracts), 89
  • Wilson, Woodrow, 113–115
    • “New Freedom,” 115
  • Winthrop, John, 51
  • Woke corporations
    • concerns, 199
    • limitations, 12
  • Wonder Group, 175
  • Workers
    • entrepreneurial economy, impact, 16–17
    • unions, challenges, 125
  • Workforce development/flexibility, 199–201
  • World War I, 127
    • bigness, era, 127–130
    • economy, transformation, 119
  • World War II, 120
    • postwar economic boom, 134
    • war production, 130
  • X
  • Xerox, personal computing technology development, 138
  • Xiaoping, Deng, 182
  • Y
  • Yorktown, victory, 64
  • Z
  • Zaibutsu business groups, 117
..................Content has been hidden....................

You can't read the all page of ebook, please click here login for view all page.
Reset