For Profit, William Magnuson
For Profit, William Magnuson
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For Profit
A History of Corporations

Author: William Magnuson

Narrator: Dan Woren

Unabridged: 13 hr 25 min

Format: Digital Audiobook Download

Publisher: Basic Books

Published: 11/08/2022


Synopsis

A history of how corporate innovation has shaped society, from ancient Rome to Silicon Valley 
 
Americans have long been skeptical of corporations, and that skepticism has only grown more intense in recent years. Meanwhile, corporations continue to amass wealth and power at a dizzying rate, recklessly pursuing profit while leaving society to sort out the costs. 
  
In For Profit, law professor William Magnuson argues that the story of the corporation didn’t have to come to this. Throughout history, he finds, corporations have been purpose-built to benefit the societies that surrounded them. Corporations enabled everything from the construction of ancient Rome’s roads and aqueducts to the artistic flourishing of the Renaissance to the rise of the middle class in the twentieth century. By recapturing this original spirit of civic virtue, Magnuson argues, corporations can help craft a society in which all of us—not just shareholders—benefit from the profits of enterprise. 

About William Magnuson

William Magnuson is an associate professor at Texas A&M Law School. Previously he taught law at Harvard, worked as an associate in Sullivan & Cromwell, and as a journalist in the Rome bureau of the Washington Post. He is the author of Blockchain Democracy: Technology, Law and the Rule of the Crowd, and has written for numerous leading publications including Harvard Business Law Review, Stanford Journal of Law, Business and Finance, and the Wall Street Journal.


Reviews

Goodreads review by Ronald

Hugely disappointing. I was expecting a unique account of the ways in which corporate structure has evolved in tandem with changing sociocultural, economic, political, legal, etc. conditions, but instead the book’s subtitle, A History of Corporations, should be taken at face value: the bulk of it is......more

Goodreads review by Florin

Well documented, well written, relevant and informative. Highly recommended.......more

Goodreads review by Kevin

The author is a law professor and formerly worked for a NYC law firm which dealt with high power corporate mergers so I had high hopes of getting a fascinating history of how corporations have involved, with lots of details and legal minutia. This is not that book. Instead, this book picks a small-is......more

Goodreads review by Maya

historically interesting but overly optimistic in its analysis in the role of corporate role. the concluding truisms were cheesy at best, naive at worst.......more

Goodreads review by David

I have a minor problem with this book. It could have been restricted to the contents in the introduction and the conclusion. The author could have refined the content in those sections and expanded it. It would have been a shorter book, it would have been a book purely about how corporations need to......more


Quotes

“Brilliantly conceived and enlightening at every turn, For Profit is a thrilling history of an institution that has shaped all our lives—for better and for worse.”—Lawrence Wright, author of The Plague Year

“In this lively and informative history of the corporation, William Magnuson shows that corporations were born to serve the public interest—only to be used and abused time and again to maximize profits for shareholders and executives. A must-read for any student of the world’s most influential form of economic organization.”—Adam Winkler, author of We the Corporations