This is the first of two lectures, which consider the nature, and power of the contemporary corporation. This lecture considers the corporation as an organisation, which may or may not have international activities or power. Data for corporate size and power compared with states is provided. It is then argued that the trend to concentration which has resulted in a small number of dominant corporations in each sector has weakened the utility of classical theories of economics and capitalism. The session ends with a consideration of possible theories of corporate behaviour and, in particular, organisation theory.
1. The Corporate Vehicle
2. Corporations and States 2005
3. Corporations and States 2009 by Economic Size
4. The Modern Corporation
5. From Profit-Making to Rent-Seeking
6. Theories of Corporate Behaviour
7. Corporation as a Production Organization