Abstract

http://ssrn.com/abstract=1459512
 


 



The Drucker Vision: Corporations, Managers, Markets, and Innovation


Richard L. Smith


University of California, Riverside - Anderson Graduate School of Management

June 1, 2009


Abstract:     
This is the second of two essays on the influences of Peter Drucker’s exposure to proponents of the Austrian School of economics on his writing and philosophical views. In the first essay, “On the Foundations of the Drucker Vision,” I review the major influences that appear to have shaped much of his thinking, focusing mainly on post-World War I European history and the development of the Austrian School. In this essay, I review Drucker’s writing with the objective of tracing the how his views have been shaped by these influences. I focus, in particular on Drucker’s views of classical economics, the profit motive, corporate purpose, the value imperative, corporate social responsibility, managerial ethics, corporate purpose, innovation, pension funds, and the market for corporate control. The over-arching objective of both essays is to provide clearer interpretation of the meaning of some of Drucker’s most important and frequently misunderstood contributions.

Number of Pages in PDF File: 27

Keywords: Peter Drucker, the Austrian School, Schumpeter

JEL Classification: B00, B25, B29, B31, N44

working papers series


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Date posted: August 22, 2009 ; Last revised: August 27, 2009

Suggested Citation

Smith, Richard L., The Drucker Vision: Corporations, Managers, Markets, and Innovation (June 1, 2009). Available at SSRN: http://ssrn.com/abstract=1459512 or http://dx.doi.org/10.2139/ssrn.1459512

Contact Information

Richard L. Smith (Contact Author)
University of California, Riverside - Anderson Graduate School of Management ( email )
Riverside, CA 92521
United States
951-827-3554 (Phone)
HOME PAGE: http://www.agsm.ucr.edu/
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