For Profit: A History of Corporations

A FINANCIAL TIMES BEST ECONOMICS BOOK OF THE YEAR A THE ECONOMIST BOOK OF THE YEAR 'Brilliantly conceived and enlightening at every turn' Lawrence Wright We have long been suspicious of corporations recklessly pursuing profit and amassing wealth and power. But the story of the corporation didn't have to be like this. For most of history, they were not amoral entities, but public institutions designed to promote the societies that granted them charter. Magnuson reveals how the corporation has evolved since its beginnings in the ancient world. What happens in this next chapter of the global economy depends on whether we can return to their public-minded spirit, or whether we have sunk irrevocably into the swamp of high profit at all costs. Epic and compelling in scope, For Profit illuminates the roles corporations played, for good and evil, in the making of the modern world.