Adolf Augustus Berle

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Berle, Adolf Augustus

 

Born Jan. 29, 1895, in Boston. American economist and jurist. Former professor at Columbia Law School.

Berle graduated from Harvard University in 1913. From 1945 to 1946 he served as ambassador to Brazil. Berle is the author of many books on problems in economics, law, and foreign policy. He advocates the idea of converting private capitalistic property into a public capitalistic property system. This idea has served to distract workers from the class struggle and to defend capitalism. Berle laid the foundation for the bourgeois-apologetic theory of the “managerial revolution,” according to which power in the monopolies has passed, so to speak, into the hands of the hired administrators—the managers. Hence, Berle’s thesis is called “power without property.”

WORKS

The Twentieth Century Capitalist Revolution. New York, 1954.
Power Without Property: A New Development in American Political Economy. New York, 1959.
The American Economic Republic. New York, 1963.

V. G. SARYCHEV

References in periodicals archive ?
Mixing the views of economic thinkers and movers like Adolf Berle, John Maynard Keynes and Felix Rohatyn with a wordly view of the broad sweep of 20th Century investment policies, Bogle provides a superbly informed view of financial behaviors.
Concern about this dates back at least to 1932 when Adolf Berle and Gardiner Means observed that large companies are primarily controlled by a new class of professional managers because ownership is dispersed among thousands of shareholders, each of whom owns only a small fraction of the shares.
Drawing on some previous work, (1) I will present the New Deal mindset through the lens of the writings of Adolf Berle, one of its architects.
Adolf Berle received a Rockefeller Foundation grant for an
A principled ex-communist, one Whittaker Chambers, informed Roosevelt's assistant secretary of state, Adolf Berle, of the names of at least two dozen Soviet spies working for the Roosevelt administration, including Alger Hiss and his brother Donald.
Mayer turns to the Adolf Berle and Gardner Means [1932] corporate governance classic, The Modern Corporation and Private Properly, to describe why we are confronted by the present situation with the existing corporate form.
Although at first the policy was forced on Latin American governments by State Department officials such as Spruille Braden and Adolf Berle, it soon turned into a vehicle for despoiling the deportees, as their properties now came on the market at fire-sale prices.
In 1932, Adolf Berle and Gardiner Means defined the field for subsequent generations with their treatise on "the separation of ownership and control.
Milton Friedman, Robert Reich, Adolf Berle and Gardiner Means, among many others, provide the foundation for a substantial portion of the book.
Gardiner Means is the economist whose name always will be linked to that of Adolf Berle.
While some of those people came to Washington because there weren't jobs elsewhere, others were compelled by the idea that, as one of FDR's advisers, Adolf Berle, put it, declining a role in government might be declining a place in the history of capitalism.