From Social Control To Financial Economics: The Linked Ecologies Of Economics And Business In Twentieth Century America
As the main producers of managerial elites, business schools represent strategic research sites for understanding the formation of economic practices and representations. This paper draws on historical material to analyze the changing place of economics in American business education over the course of the twentieth century. This paper illustrates the increasingly successful claims of social scientists, backed by philanthropic foundations, on business education and the growing appeal of "Scientific" approaches to decision-making and management. They also show that these transformations were homologically related to changes in the prevailing mode of governance in the American economy.