I don't know where Marx came up with that idea, but in a way it conflicted with his more important theory -- that social relations were the key. For Marx and Engels, managers showed that capitalists were unnecessary. Besides centralization created a form conducive to socialist organization. He left out the need for a radical change in the social relations of production between managers and workers in this discussion.
Ian Murray wrote: > Re the joint stock corporations; why is it we don't say > they're already a social form of ownership? Ever since > I found out about the legal realist critiques of the > public-private distinction I've been puzzled over just > what that aspect-dimension of socialism would look > like. That was part of my motivation for posting the > link on fiduciary capitalism. I definitely see Marx as > a radical institutionalist; what I can't figure out is > when would we even know socialism came into existence > if we're barred from an a priori conception of what it > is vis a vis the dimensions of property, contract and > the like--not that those are by any means exhaustive of > what would be constitutive of socialism? > > What are the criteria by which we could definitely say > socialism has come into existence? > > Ian -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail [EMAIL PROTECTED]